CMLS...Cumulus Media Up 20% On No Particular News

Cumulus Media Inc (NASDAQ: CMLS) stock is up 20 percent on Thursday. The company has a 50-day moving average of $0.32 and a 200 day moving average of $1.17. The firm's market capitalization is $58.45 million.The US radio broadcasting company's Director Crestview Radio Investors, LLC purchased 1,400,922 shares of the stock in a transaction dated Monday, November 23rd at an average cost of $0.20 per share, for a total transaction of $280,184.40. The company had also disclosed insider buying and selling activities to the Securities Exchange. According to the Securities and Exchange Commission, Cumulus Media has divulged that Dickey John W, officer (EVP/Content & Programming) of Cumulus Media Inc, had removed 35,000 shares at an average price of $1.44 in a transaction dated on August 28, 2015, with the total value of the transaction was worth $50,400.Cumulus Media last quarterly earnings data on was released on Thursday, November 5th. The company reported $0.18 EPS for the quarter. Cumulus Media earned $289.40 million during the quarter. During the same quarter last year, the company posted $0.01 earnings per share. RBC Capital downgraded Cumulus Media shares from an "outperform" rating to a "sector perform" rating. The RBC Capital analysts lowered their price objective for Cumulus Media from $3.00 to $0.75 in a research note on Friday, October 30th. The company's shares have dropped 72.09 percent during the last 3-month period. Cumulus Media's Year-to-Date stock performance stands at -91.49 percent.The company's shares have dropped -90.22 percent from its 1 Year high price. Cumulus Media's 50-Day Moving Average price is $0.42 and the 200 Day Moving Average price is recorded at $1.30.The business's revenue was down 7.8 percent compared to the same quarter last year.