Salem Media shares are trading lower after the company announced it will voluntarily delist from the Nasdaq Global Market.
Portfolio Pulse from Benzinga Newsdesk
Salem Media Group, Inc. has announced its intention to voluntarily delist from the Nasdaq Global Market, causing its shares to trade lower.
December 29, 2023 | 6:10 pm
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Salem Media Group, Inc.'s decision to delist from the Nasdaq Global Market has led to a decline in its share price.
The decision to delist typically reflects underlying issues such as cost savings from regulatory compliance, desire for more privacy, or not meeting listing requirements. This can be perceived negatively by investors as it reduces liquidity and visibility in the market, often resulting in a decrease in share price.
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