Why Shares Of Urban One Are Trading Higher Today

Urban One UONE shares are trading higher amid investor anticipation of Juneteenth, during which the stock saw a run up last year. The stock is seen as a play on minority-owned businesses and has gained attention from traders on social media as a Juneteenth play. Juneteenth celebrates the emancipation of slaves in the US.

Urban One, Inc., together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media and Digital.

At the time of publication, shares of Urban One were trading 42.1% higher at $12.20. The stock has a 52-week low of $1.32 and a 52-week higher of $54.16.