Digital Music News - Wall Street Wrap: Tuesday, August 31st, 2010

Wall Street Wrap: Tuesday, August 31st, 2010

Tuesday, August 31, 2010
by rochell

Wall Street ended a brutal August above 10,000, though the music portfolio was mixed-n-soggy. Among the bigger drops, Warner Music Group (WMG) dipped 4.78 percent to $4.18. Sirius XM Radio (SIRI) landed at 95-cents.

Major Indices

Dow Jones Industrial Average (DJIA)

Finishing Value: 10,014.72
Gain or Decrease: Up 4.99 (0.05%)
Previous Closing Value: 10,009.73
Closing Valuation, 08/31/2009: 9,496.28
Closing Valuation, 07/30/2010: 10,465.94
Closing Valuation, 08/24/2010: 10,040.45

NASDAQ Composite (IXIC)

Finishing Value: 2,114.03
Gain or Decrease: Down 5.94 (0.28%)
Previous Closing Value: 2,119.97
Closing Valuation, 08/31/2009: 2,009.06
Closing Valuation, 07/30/2010: 2,254.70
Closing Valuation, 08/24/2010: 2,123.76

S&P 500 (GSPC)

Finishing Value: 1,049.33
Gain or Decrease: Up 0.41 (0.04%)
Previous Closing Value: 1,048.92
Closing Valuation, 08/31/2009: 1,020.62
Closing Valuation, 07/30/2010: 1,101.60
Closing Valuation, 08/24/2010: 1,051.87

Music Software, eCommerce, & Hardware

Apple (AAPL)

Finishing Price: $243.10
Gain or Decrease: Up 0.60 (0.25%)
Previous Closing Price: $242.50
Closing Valuation, 08/31/2009: $168.21
Closing Valuation, 07/30/2010: $257.25
Closing Valuation, 08/24/2010: $239.93

SanDisk (SNDK)

Finishing Price: $33.13
Gain or Decrease: Down 1.13 (3.30%)
Previous Closing Price: $34.26
Closing Valuation, 08/31/2009: $17.70
Closing Valuation, 07/30/2010: $43.70
Closing Valuation, 08/24/2010: $38.27

RealNetworks (RNWK)

Finishing Price: $2.71
Gain or Decrease: Up 0.01 (0.37%)
Previous Closing Price: $2.70
Closing Valuation, 08/31/2009: $3.54
Closing Valuation, 07/30/2010: $3.32
Closing Valuation, 08/24/2010: $2.61

Hot Topic, Inc. (HOTT)

Finishing Price: $5.18
Gain or Decrease: Up 0.16 (3.19%)
Previous Closing Price: $5.02
Closing Valuation, 08/31/2009: $6.96
Closing Valuation, 07/30/2010: $5.29
Closing Valuation, 08/24/2010: $4.87

Amazon.com, Inc. (AMZN)

Finishing Price: $124.83
Gain or Decrease: Up 1.04 (0.84%)
Previous Closing Price: $123.79
Closing Valuation, 08/31/2009: $81.19
Closing Valuation, 07/30/2010: $117.89
Closing Valuation, 08/24/2010: $124.53

Recording, Label

Warner Music Group (WMG)

Finishing Price: $4.18
Gain or Decrease: Down 0.21 (4.78%)
Previous Closing Price: $4.39
Closing Valuation, 08/31/2009: $4.58
Closing Valuation, 07/30/2010: $4.69
Closing Valuation, 08/24/2010: $4.39

Live Performance

Live Nation (LYV)

Finishing Price: $8.64
Gain or Decrease: Up 0.04 (0.47%)
Previous Closing Price: $8.60
Closing Valuation, 08/31/2009: $7.03
Closing Valuation, 07/30/2010: $9.23
Closing Valuation, 08/24/2010: $8.43

B2B, Music-Related Services

Rovi Corporation (ROVI)

Finishing Price: $43.51
Gain or Decrease: Up 1.46 (3.47%)
Previous Closing Price: $42.05
Closing Valuation, 08/31/2009: $30.44
Closing Valuation, 07/30/2010: $44.50
Closing Valuation, 08/24/2010: $41.58

Rentrak Corporation (RENT)

Finishing Price: $22.06
Gain or Decrease: Down 0.13 (0.59%)
Previous Closing Price: $22.19
Closing Valuation, 08/31/2009: $15.90
Closing Valuation, 07/30/2010: $25.89
Closing Valuation, 08/24/2010: $21.81

Traditional Retail

Hastings Entertainment, Inc. (HAST)

Finishing Price: $7.43
Gain or Decrease: Down 0.03 (0.40%)
Previous Closing Price: $7.46
Closing Valuation, 08/31/2009: $3.95
Closing Valuation, 07/30/2010: $7.25
Closing Valuation, 08/24/2010: $7.41

Trans World Entertainment Corporation (TWMC)

Finishing Price: $1.63
Gain or Decrease: Down 0.02 (1.10%)
Previous Closing Price: $1.65
Closing Valuation, 08/31/2009: $0.92
Closing Valuation, 07/30/2010: $1.85
Closing Valuation, 08/24/2010: $1.52

Satellite Radio

Sirius XM Radio (SIRI)

Finishing Price: $0.95
Gain or Decrease: Down 0.01 (0.90%)
Previous Closing Price: $0.96
Closing Valuation, 08/31/2009: $0.67
Closing Valuation, 07/30/2010: $1.03
Closing Valuation, 08/24/2010: $0.96

Publishing

Chrysalis Group PLC (CHS.L; London)

Finishing Price: $98.75
Gain or Decrease: Down 5.25 (5.05%)
Previous Closing Price: $99.25
Closing Valuation, 08/31/2009: $80.00
Closing Valuation, 07/30/2010: $99.25
Closing Valuation, 08/24/2010: $98.75

Terrestrial Radio

CBS Corporation (CBS)

Finishing Price: $13.82
Gain or Decrease: Up 0.14 (1.02%)
Previous Closing Price: $13.68
Closing Valuation, 08/31/2009: $10.35
Closing Valuation, 07/30/2010: $14.78
Closing Valuation, 08/24/2010: $13.25

Cumulus Media Inc. (CMLS)

Finishing Price: $2.11
Gain or Decrease: Up 0.06 (2.93%)
Previous Closing Price: $2.05
Closing Valuation, 08/31/2009: $1.39
Closing Valuation, 07/30/2010: $3.03
Closing Valuation, 08/24/2010: $2.15

Saga Communications Inc. (SGA)

Finishing Price: $17.50
Gain or Decrease: Up 0.73 (4.35%)
Previous Closing Price: $16.77
Closing Valuation, 08/31/2009: $14.25
Closing Valuation, 07/30/2010: $22.40
Closing Valuation, 08/24/2010: $17.37

Emmis Communications Corporation (EMMS)

Finishing Price: $1.52
Gain or Decrease: Down 0.18 (10.59%)
Previous Closing Price: $1.70
Closing Valuation, 08/31/2009: $0.66
Closing Valuation, 07/30/2010: $1.96
Closing Valuation, 08/24/2010: $2.02

Salem Communications Corp. (SALM)

Finishing Price: $2.70
Gain or Decrease: Up 0.11 (4.25%)
Previous Closing Price: $2.59
Closing Valuation, 08/31/2009: $2.65
Closing Valuation, 07/30/2010: $3.41
Closing Valuation, 08/24/2010: $2.41

Radio One, Inc. (ROIA)

Finishing Price: $0.74
Gain or Decrease: Up 0.04 (5.56%)
Previous Closing Price: $0.70
Closing Valuation, 08/31/2009: $0.97
Closing Valuation, 07/30/2010: $1.24
Closing Valuation, 08/24/2010: $0.72

Beasley Broadcast Group Inc. (BBGI)

Finishing Price: $3.50
Gain or Decrease: Up 0.07 (2.04%)
Previous Closing Price: $3.43
Closing Valuation, 08/31/2009: $3.54
Closing Valuation, 07/30/2010: $5.57
Closing Valuation, 08/24/2010: $3.64

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