Media General (MEG) has risen sharply, recording gains of 3.65% in the past 4 weeks. However, the stock has corrected -0.96% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.21% and the 50-Day Moving Average is 0.25%. Media General, Inc. is up 1.5% in the last 3-month period. Year-to-Date the stock performance stands at 8.92%.
Media General (NYSE:MEG): stock turned positive on Friday. Though the stock opened at $17.56, the bulls momentum made the stock top out at $17.66 level for the day. The stock recorded a low of $17.41 and closed the trading day at $17.59, in the green by 0.11%. The total traded volume for the day was 892,267. The stock had closed at $17.57 in the previous days trading.
Media General, Inc., formerly Mercury New Holdco, Inc., is a connected-screen multimedia company. The Company provides news, information and entertainment. The Companys segment include Broadcast segment, which has around 71 television stations that are either owned, operated or serviced by the Company in around 48 United States markets, all of which are engaged principally in the sale of television advertising, and Digital segment, which includes digital companies: LIN Digital, LIN Mobile, HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising. LIN Mobile provides mobile advertising. Federated Media provides display and video advertising. Dedicated Media provides marketing, data focusing and analytics for digital marketing campaigns. HYFN is a digital agency. BiteSize TV is a video content creator.