Radio and Music Industry News

Radio One Jumps 5.67%


Urban multi-media company Radio One Inc. (ROIAK) jumped 5.67% on April 05 and was amongst the biggest gainers on the Russell 2000 for Tuesday April 05 as the stock popped 5.67% to $1.49, representing a gain of $0.08 per share. The radio broadcasting operation that targets African-American and urban listeners owns and operates approximately 55 broadcast stations. Some 10,522 shares traded hands on 78 trades, compared with an average daily volume of 34,526 shares out of a total float of 49.61 million. The stock opened at $1.40 and traded with an intraday range of $1.52 to $1.40. After Tuesday’s gains, Radio One Inc. reached a market cap of $73.92 million. Radio One Inc. has had a trading range between $4.22 and $0.98 over the last 52 weeks, and it had a 50-day SMA of $1.40 and a 200-day SMA of $2.10. # #cathyhughes


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