Salem Media Stock Soars 163% On Conservative Media Expansion Move

(RTTNews) - Salem Media Group, Inc. (SALM) rocketed 162.79 percent to $1.16 during Tuesday's trading following momentum from yesterday's announcement that the company has eliminated its long-term debt and signed a transformative media deal with Donald Trump Jr. and Lara Trump.

The stock opened at $0.78 and surged to a new 52-week high of $1.42 before settling back on the OTC markets. Volume soared to 628,719 shares, compared to its average of just 28,763. SALM has traded between $0.15 and $1.42 over the past year.

The move positions Salem as a major force in conservative media across broadcast, digital, podcasting, and streaming platforms.