The stock of AirMedia Group Inc (ADR) (NASDAQ:AMCN) is a huge mover today! The stock decreased 2.32% or $0.08 on September 30, hitting $3.37. About 154,196 shares traded hands. AirMedia Group Inc (ADR) (NASDAQ:AMCN) has declined 38.39% since February 29, 2016 and is downtrending. It has underperformed by 48.82% the S&P500.
The move comes after 7 months negative chart setup for the $211.63 million company. It was reported on Oct, 1 by Barchart.com. We have $2.90 PT which if reached, will make NASDAQ:AMCN worth $29.63 million less.
According to Zacks Investment Research, “AirMedia Group Inc. operates the largest digital media network in China dedicated to air travel advertising. AirMedia has contractual concession rights to operate digital TV screens in 52 airports, including 28 out of the 30 largest airports in China, and has contractual concession rights to place its programs on the routes operated by 9 airlines, including the three largest airlines in China. AirMedia also offers advertisers other media platforms in airports, such as digital frames, light box displays, 360-degree LED displays and 3D displays.”
More notable recent AirMedia Group Inc (ADR) (NASDAQ:AMCN) news were published by: Investorplace.com which released: “11 Media Stocks to Sell Now” on September 26, 2016, also Benzinga.com with their article: “18 Stocks Moving In Tuesday’s Pre-Market Session” published on September 20, 2016, Businessfinancenews.com published: “Alibaba Group Holding Ltd, JD.Com Inc (ADR) and Other Chinese Stocks Are Up …” on July 09, 2015. More interesting news about AirMedia Group Inc (ADR) (NASDAQ:AMCN) were released by: Benzinga.com and their article: “Daily Movers: AirMedia Soars; Uranium Energy Under Investigation” published on June 19, 2015 as well as Benzinga.com‘s news article titled: “Stocks Hitting 52-Week Lows” with publication date: July 28, 2016.
AMCN Company Profile
AirMedia Group Inc., incorporated on April 12, 2007, is an operator of out-of-home advertising platforms in China. The Firm is engaged in selling advertising time slots on its network, primarily air travel advertising network, across the People’s Republic of China. The Firm holds concession rights to install and operate wireless fidelity (Wi-Fi) systems on trains administered by over eight regional railway administrative bureaus in China. It also holds concession rights to install and operate Wi-Fi systems on various long-haul buses in China. The Firm operates approximately 71,900 digital television screens on airplanes operated by over five airlines, including Air China, China Eastern Airlines, China Southern Airlines, Shanghai Airlines and Xiamen Airlines. It also holds concession rights to operate the advertising media platforms at Sinopec gas stations across China. It provides in-flight advertising and non-advertising contents.
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