Salem Media Group, Inc. SALM was a big mover last session, as the company saw its shares above 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company since Jun 7 as the stock is now down 5%.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Salem Media Group currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another well-ranked Broadcast-Radio/TV stock is Netflix, Inc. NFLX, which holds the same Zacks Rank as Salem Media Group.
Is SALM going up? Or down? Predict to see what others think: Up or Down
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