Beasley Broadcast Group, Inc. (BBGI) shares surged 59.01 percent, up $1.90 to $5.12 on Wednesday, even after the company reported a sharply wider fourth-quarter loss and lower revenue.
The stock is currently trading at $5.12, above its previous close of $3.22, after opening at $5.21 on the Nasdaq. Shares traded in a range of $4.90 to $5.74 during the session, with volume soaring to 27.60 million shares, far above the average daily volume of 63,241.
The company reported a fourth-quarter net loss of $190.1 million, or $105.40 per share, compared with a loss of $2.1 million, or $1.17 per share, a year earlier, while revenue declined 21.1 percent to $53.1 million from $67.3 million. Beasley Broadcast's 52-week range is $3.16 to $26.37.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.