OUTFRONT Media Awarded Advertising Contract From San Francisco BART
On April 26, OUTFRONT Media Inc. (OUT) announced that the company has received the advertising franchise from the San Francisco Bay Area Rapid Transit District (BART). The contract lasts for 10.75 years and has two additional one-year renewal options. The company will assist BART in providing real-time intelligent communications to commuters.
Sonal detected the event and sent an alert at 4:05 pm. The next trade took place at 4:11 pm for $18.56. The stock price saw modest gains after the event but continued to push higher during the next six days. The stock closed at $19.63 on May 4.
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