Just yesterday, MediaCo’s stock has skyrocketed from $4.13 to $17, which is a 300% growth over. Today, the stock is plunging by 23%, resulting in a $13.05. The company hasn’t published anything regarding this news as of yet. However, retail investors that are active on social media such as Reddit, StockTwits, Twitter, and Discord seem to be coordinating to lift the company’s stock.
MediaCo owns and operates radio stations in the United States. It operates in two segments, Radio and Outdoor Advertising. The Radio segment engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City metropolitan area. The Outdoor Advertising segment operates advertising displays, such as bulletins, posters, and digital billboards primarily in Kentucky, West Virginia, Florida, and Georgia.
The company also offers digital advertising and event sponsorship services. As of December 31, 2020, it is owning and operating approximately 3,532 billboard advertising displays. MediaCo was founded in 2019 and is headquartered in Indianapolis, Indiana. MediaCo Holding Inc. is a subsidiary of Emmis Communications Corporation
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.