Salem Media Group, Inc. SALM was a big mover last session, as the company saw its shares rise over 51.2% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 6.0% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Salem Media Group currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Another favorably placed stock in the same industry is Cumulus Media Inc. CMLS, sporting a Zacks Rank #1 (Strong Buy).
Is SALM going up? Or down? Predict to see what others think: Up or Down
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CUMULUS MEDIA (CMLS): Free Stock Analysis Report
SALEM COMM (SALM): Free Stock Analysis Report
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