Cumulus Media (CMLS) has risen sharply, recording gains of 8.99% in the past 4 weeks. However, the stock has corrected -2.87% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 5.73%.The 200 Day SMA reached 10.45%. Cumulus Media Inc. is up 6.24% in the last 3-month period. Year-to-Date the stock performance stands at 13.9%.
Cumulus Media (NASDAQ:CMLS): The stock opened in the green at $0.39 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $0.4049 and a low of $0.3726 for the day. The stock did not find buyers even at the lows and closed at $0.376 recording a loss of -3.59%. 178,570 shares exchanged hands during the trading day. The stock had closed at $0.39 in the previous days trading.
Cumulus Media Inc. is a radio broadcaster in the United States. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH magazine, concerts, licensed products, and television or video. The Companys categories of advertisers consist of amusement and recreation; banking and mortgage; furniture and home furnishings; arts and entertainment; food and beverage services; healthcare services; automotive dealers and telecommunications. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees. Its brands include Sweetjack, SweetDeals and Incentrev brands. It provides content that is distributed through over 460 owned and operated stations in approximately 90 the United States media markets, over 8,500 broadcast radio affiliates and digital channels. It provides sales and marketing services for 11 radio stations in the United States.