Clear Channel and Lamar stocks up, Outfront down in Q1, 2023 (Billboard Insider)

Clear Channel Outdoor rose 14% on news of the Switzerland sale.  You’ll notice that Clear Channel Outdoor fluctuated wildly during the 1st quarter.  It has extremely high leverage, e.g. financial risk, so will fluctuate more than Lamar or OUTFRONT on good or bad news.   Lamar increased 3%.  OUTFRONT was down 6% due to the slow rebound in transit ridership.  The S&P 500 increased 6%. […]