Shares of Cumulus Media Inc. (NASDAQ:CMLS) traded at a new 52-week high today of $24.00. So far today approximately 28.5 million shares have been exchanged, as compared to an average 30-day volume of 33,000 shares.
Cumulus Media Inc. (NASDAQ:CMLS) is currently priced 1.2% above its average consensus analyst price target of $9.88.
Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company’s revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.
In the past 52 weeks, Cumulus Media Inc. share prices are bracketed by a current low of $0.22 and a high of $14.84 and is now at $10.00.
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