Stock To Watch: Cumulus Media (CMLS) In Perilous Reversal

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Trade-Ideas LLC identified Cumulus Media ( CMLS) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Cumulus Media as such a stock due to the following factors:

  • CMLS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.5 million.
  • CMLS has traded 670,413 shares today.
  • CMLS is down 3.1% today.
  • CMLS was up 5.7% yesterday.

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More details on CMLS:

Cumulus Media Inc. owns and operates commercial radio station clusters in the United States. It sells local, regional, and national advertising for broadcast on its radio stations. CMLS has a PE ratio of 15.1. Currently there are 3 analysts that rate Cumulus Media a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Cumulus Media has been 1.8 million shares per day over the past 30 days. Cumulus Media has a market cap of $981.1 million and is part of the services sector and media industry. The stock has a beta of 1.82 and a short float of 5.5% with 3.38 days to cover. Shares are down 45.1% year-to-date as of the close of trading on Friday.

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