The continued reopening of the economy and larger transit passengers helped Outfront Media exceed expectations. ozgurdonmaz/E+ via Getty Images
One of the industries that we have liked the most as a reopening and recovery trade is the media business, with the
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I owned call options on OUT stock before the earnings announcement and sold later that week to book profits in what was a volatile general market.
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