ROIAK - Radio One, Inc.
Radio One, Inc. operates as an urban-oriented multi-media company in the United States. It principally engages in the radio broadcasting operation that primarily targets African-American and urban listeners.
As of December 31, 2009, it owned and operated 53 radio stations located in 16 urban markets in the United States. The company also has approximately 37% ownership interest in TV One, LLC, an African-American targeted cable television network; and a 53.5% ownership interest in Reach Media, Inc., which operates the Tom Joyner Morning Show.
Further, it owns Interactive One, LLC, an online platform serving the African-American community through social content, news, information, and entertainment; and Community Connect, LLC, an online social networking company. The company was founded in 1980 and is based in Lanham, Maryland.
As of the close of the stock market on Friday (ROIAK) Radio One ended the week trading at $1.10 up $0.20 or 22.22% for the week on heavier than average trading volume of 5.33 million. Downside support is in the $0.84 area with upside resistance in the $1.28 area. The average weekly trading volume for the company is 1.86 million. The stock is poised to move higher on a break above the $1.15 area going forward, please keep Radio One on your watch list for a possible price move to the upside.
By: Marlin Rolle
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