Cumulus Stock Sinks To New Record Low: 76 Cents Per Share
September 24, 2015 at 2:02 PM (PT)
CUMULUS MEDIA's stock price continued its slide THURSDAY with a 15.54% drop to close at 76 cents per share, dropping from 87 cents at the day's open and representing a new record low, a plummet from a 52-week high of $4.51/share on FEBRUARY 17th. The company's market cap has shrunk to $199.9 million.
The new record low for CUMULUS was part of a down day on WALL STREET, with the DOW off 79 points to close at 16,201, NASDAQ off 18 points for a 4,734 close, and the S&P 500 taking a 7 point hit to close at 1,932.
While a few radio stocks, including BEASLEY and SALEM, rose and EMMIS remained flat, other radio-related companies finished the day lower, including iHEARTMEDIA, CBS, DISNEY, ENTERCOM, ENTRAVISION, RADIO ONE, SBS, SAGA, and SIRIUSXM. See all of the radio and music industry stock prices at ALL ACCESS' STOCK INDEX page.