Urban One stock surges today June 16, 2020

Urban One (UONE) stock price today

At 3:35 PM, ET time today June 16, 2020, Urban One, Inc. (UONE) stock is gaining more than 400%. The latest UONE stock price is 35.15+28.61 (+437.46%).

Urban One (UONE) stock news

“Shares of Urban One Inc. UONE, +437.46% nearly doubled in very active morning trading Tuesday, and has now skyrocketed 8-fold in three days. The gains come even as the only news from the media company, which primarily targets black Americans and urban consumers, was a disclosure Monday that Brigade Capital Management L.P. sold its entire 3.9 million-share stake in Urban One on June 11. The stock rallied 83.5% in morning trading, on volume of 9.7 million shares, which compares with the full-day average of about 871,000 share.”

Source: https://www.marketwatch.com/story/urban-ones-stock-rockets-on-heavy-volume-again-hits-16-year-high-intraday-2020-06-16?siteid=yhoof2&yptr=yahoo

As Urban One (UONE) stock rallies on the news mentioned but without further othe fundamental or economic news, caution is suggested after this stock rally.

Urban One (UONE) stock chart

Urban One (UONE) stock chart
Urban One (UONE) stock chart

Source: Stockscharts.com, market open, data as of 3:40 PM, ET time, June 16, 2020.

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