Urban One: A New Casino Project As Stock Finds Comfort Zone

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With Monday’s Closing Bell on the Nasdaq GlobalSelect exchange, Urban One’s common stock finished at $6.88.


While the gain was a 8.5% improvement from Friday, and was followed by an immediate 2.6% decline in early after-hours trading, one thing is rock solid about the company superserving African American consumers.

Urban One stock appears to have solidified a “new normal” nearly seven times as high as where its shares were before the coronavirus and George Floyd became universally known.

And, it comes on a report that it is teaming up for ownership of a $517 million casino resort in Richmond.

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