Shares of Emmis Communications (EMMS) have had their ups and downs. Emmis stock surged over 50% in two days between January 11-13, breaking it out from below the $1 that is so important to the NASDAQ. However, after trading between $1-$1.30 for two months, shares plunged down to just 80 cents on March 15. But last Friday, shares surged late in the day, boosting the stock to $1.05. The stock price gains come amid reports that Jeff Smulyan's former business partner, Alden Global Capital has been steadily selling off shares. You can track Emmis shares here.