Do Traders Think Cumulus Media Inc (CMLS) Can Keep Climbing Monday?

The market has been high on Cumulus Media Inc (CMLS) stock recently. CMLS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Cumulus Media Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CMLS!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CMLS Stock Today?

Cumulus Media Inc (CMLS) stock is trading at $15.00 as of 11:43 AM on Monday, May 9, a drop of -$0.44, or -2.85% from the previous closing price of $15.44. The stock has traded between $14.71 and $15.64 so far today. Volume today is 197,591 compared to average volume of 196,090.

More About Cumulus Media Inc

Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations. Click Here to get the full Stock Report for Cumulus Media Inc stock.