On a historical five-year trend chart, Urban One‘s stock performance looks like a hospital patient who flatlined and suddenly received a powerful EKG to revive the heart.
After years of languishing between $1.25 and $3.50 per share, UONE in mid-June 2020 rocketed to $36.30 — only to dip to $3.48 by Sept. 7 — as “Black Lives Matter” protests ignited daytraders eager to capitalize on potential new interest in Urban One’s assets.
Since late September, Urban One shares found a new normal that, while much less in value than that mid-June burst, remains significantly higher than where UONE was one year ago.
Now, UONE is poised to get a further bump in its price — thanks to a big investment by an investment fund focused on media, technology and communications companies.
