Cumulus Media (NASDAQ:CMLS) Earns Hold Rating from Analysts at StockNews.com

Cumulus Media (NASDAQ:CMLS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock. Cumulus Media Stock Performance Shares of NASDAQ CMLS opened at $0.20 on Tuesday. The company has a 50 day simple moving average of $0.49 and […]

Cumulus Moving From Nasdaq To OTC

• With the specter of delisting from Nasdaq hovering in the air, yesterday we received this statement from Cumulus: “Cumulus has decided to move its stock from trading on the Nasdaq to trading on the OTC market rather than investing time, effort, and cost into developing a plan to remain on Nasdaq. This change, effective May 2, solely impacts the trading venue — the CMLS ticker remains the same — and it does not affect the company’s operations. …

Cumulus Ditches Nasdaq Fight For OTC Stock Shift | Radio & Television Business Report

It finished Wednesday’s trading session on the Nasdaq Global Market exchange at exactly $0.2699 and in immediate after-hours trading sank by 24%. Why? Investors likely learned of a SEC filing made following the close of trading indicating that Cumulus Media has decided to shift its publicly traded shares to the OTC Markets. The decision to shift “CMLS” to the “OTCQB” market tier, considered to be a home of riskier investments than companies trad…

Nasdaq To Delist Cumulus Shares, With An OTC Move Coming

It finished Wednesday's trading session on the Nasdaq at exactly $0.2699 and in immediate after-hours trading sank by 24%. Why? Investors likely learned of a SEC filing made following the close of trading indicating that Cumulus Media has decided to shift its publicly traded shares to the OTC Markets.

Cumulus to stop trading on NASDAQ in May

The logo of Cumulus Media. (Image: Handout/Graphic: The Desk) Radio broadcaster Cumulus Media will stop trading on the NASDAQ stock exchange on May 2, and will sell it stock exclusively through the over-the-counter market. The transition comes after officials at NASDAQ issued a warning letter to Cumulus executives that said the company would be removed from the stock exchange in early May if it did not bring its per-share price above the require…

Facing Delisting, Cumulus Media Moves Stock From Nasdaq.

Cumulus Media has decided to move its stock from Nasdaq to trading on the OTC market, “rather than investing time, effort, and cost into developing a plan to remain on Nasdaq,” the company said in a statement. Last month, the…