Salem Media Group, Inc. (SALM) rocketed 162.79 percent to $1.16 during Tuesday's trading following momentum from yesterday's announcement that the company has eliminated its long-term debt and signed a transformative media deal with Donald Trump Jr. and Lara Trump.
The stock opened at $0.78 and surged to a new 52-week high of $1.42 before settling back on the OTC markets. Volume soared to 628,719 shares, compared to its average of just 28,763. SALM has traded between $0.15 and $1.42 over the past year.
The move positions Salem as a major force in conservative media across broadcast, digital, podcasting, and streaming platforms.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.