From the Razor Trading Desk (Thursday July 2nd, 2020)
- Urban ONE, Inc (UONEK)
UONEK NEWS: Continuation Move – A Company Focused On Black Americans (Per Barrons.com)
This stock started moving after hours and hit a high of $2.38. Closing Price $1.92; After Hours High $2.38; Float 21.48M.
UONEK is a Class D stock under Urban One, Inc. With a higher float of 21.48M and for other reasons, it never moved the same as UONE with the float of 920K. UONEK did make a strong move but the move was only a fraction of the move UONE made.
UONEK hit a high of $6.84 on 6/17/2020 and when UONE made the big move to $54.16, UONEK only moved to $5.64.
With the recent riots and “Black Lives Matter” trending everywhere, it doesn’t surprise me to see one of these media properties focused primarily on African American’s making a move after hours.
I picked up 900 shares of UONEK catching the after hours move. I would like to see a gap up on Monday July 6th, 2020 after the 4th of July Holiday Break.
