Audio-first media company Cumulus Media, which owns radio network Westwood One, will release Q1 earnings on May 1. In the meantime, news has broken that Cumulus will depart its place on the Nasdaq stock trading platform, shifting to OTC (Over the Counter) trading.
OTC is a so-called off-exchange system that fosters direct trading between buyers and sellers without the supervision of a larger framework. (OTC is sometimes called pink sheet trading.) OTC is also a safety net which catches stocks whose prices drift lower than $1 per share. At this writing, Cumulus is trading on Nasdaq at $0.20, as charted below.
Cumulus stock in a six month time frame.
A longer time frame (five years) tells a more extended story of rise and fall:
