Beasley Broadcast Group (BBGI) Stock Soars Over 300% in Meme-Fueled Rally: Debt, Digital Pivot and 2026 Outlook
Beasley Broadcast Group shares surged 312% on December 10, closing at $16.69 after trading as high as $26.37 on volume of 45.8 million shares, despite only 1.8 million shares outstanding. Pre-market trading on December 11 showed the stock retreating to around $11.10. The spike followed social media-driven interest in the thinly traded stock. Beasley posted a $5.9 million net loss in 2024 on $240.3 million revenue.