With Its Stock Gyrating, Urban One Offers Preliminary Q4 Results


It’s been a wild 24 hours in Washington, D.C.

That includes the stock performance on the Nasdaq GlobalSelect market for the multimedia company superserving African American consumers based in the Nation’s Capital.

Urban One shares rose by more than 100% on Wednesday. Within the first 25 minutes of trading on Thursday, UONE had given back some 29% of that gain. At the closing bell, a 21.7% dip to a still-respectable $6.95 was registered.

What’s to come next could be predicated on Urban One’s Q4 results. And, the company released a sneak peek of its fourth-quarter financial report card on Thursday, ahead of the Opening Bell on Wall Street.

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