Cumulus Media (CMLS) : Traders are bullish on Cumulus Media (CMLS) as it has outperformed the S&P 500 by a wide margin of 15.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.29% in the last 1 week, and is up 19.61% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.39% and the 50-Day Moving Average is 12.7%. Cumulus Media Inc. is up 2.91% in the last 3-month period. Year-to-Date the stock performance stands at 15.84%.
Cumulus Media (NASDAQ:CMLS): stock turned positive on Friday. Though the stock opened at $0.38, the bulls momentum made the stock top out at $0.3992 level for the day. The stock recorded a low of $0.3703 and closed the trading day at $0.3824, in the green by 0.63%. The total traded volume for the day was 2,344,189. The stock had closed at $0.38 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.