ARN closes out another week to forget as Unmade Index recovers

A torrid week for radio network ARN closed with the stock up (+5.56%) after a great deal of volatility through the day. A look at ARN’s market cap over the five days shows it was mostly downhill as the market absorbed the data in the form of Jackie Henderson’s full statement of claim.

What the focus on ARN’s troubles may have obscured slightly is the Unmade Index’s overall recovery this week: it is now sitting in its best position for a month (up 0.53% to 380.1).

Gainers were in the majority today, with Ive up 3.03%, Southern Cross up 2.70%, Motio up 2.27%, Sports Entertainment up 2.04%, Vinyl up 1.19% and Ooh Media up 0.53%.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.