Why Was Entravision On The Rise?

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It was a pretty ordinary trading session for Entravision Communications.


Then, 1pm Eastern came — and so did a big surge in the media company’s stock price. What happened?

Entravision shares soared by 15.7%, to $1.40, and it was largely due to post-midday share volume that ended the day at 1.19 million; average volume for EVC is 244,738.

While the bounce-back looks big, it is likely more a correction that anything. EVC was at $1.44 on May 8, and Wednesday’s close of $1.21 was its lowest since October 2012.


RBR+TVBR RELATED READ:

Entravision Shares Rises On Higher Q1 EBITDA

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