A day or two? Not in this instance. Unless you know something I don't know - the stock in reorganized Audacy will not be publicly traded (not even on an OTC basis).
I'm just going by what happened after the Cumulus and iHeart bankruptcies. Once the stock is traded, there's a short rise, and then the profit-taking happens. I don't know when that will happen. Cumulus stock, post bankruptcy, was offered at $15. One month later, it was at $20. Then it dropped to $10. Now it's at $4. Long term investment in radio is not a good idea.