Clear Channel Outdoor Stock Rallies on Europe Sale Rumors

Yesterday we reported that Clear Channel Outdoor is close to selling Europe.  The market was pleased by the news.  Clear Channel stock broke higher first thing in the morning and closed the day up 16% to $1.23 while Lamar was up 1%, OUTFRONT was up 0.5% and the S&P 500 was down 0.8%.  Here’s Clear Channel Outdoor’s stock performance for the last five days.

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