Urban One Class A Stock Soars

If you purchased stock in Radio One (UONE) you are certainly happy right now. The stock SOARED 315% over the last few days and is currently at $27.90 per share as of this writing. Up from $1.84 June 12. It appears that a Cayman Islands-based company Brigade Capital Management sold all of their shares in UONE which sent investors on a buying frenzy. At one point the price per share went as high as $40.00. The class B stock price (UONEK) has gone from 0.88 cents on June 12 to $6.11 as of this post. Thinking about buying or selling?

Leave a Reply