Sinclair Broadcast Group (NASDAQ:SBGI) has been under a strong bear grip, hence the stock is down -3.83% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.38% in the past 1 week. The stock has risen by 1.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.28% in the past 4 weeks.
The company shares have rallied 3.39% from its 1 Year high price. On Nov 27, 2015, the shares registered one year high at $35.89 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $30.62 and the 200 Day Moving Average price is recorded at $31.03.
The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 1.27%.
Sinclair Broadcast Group (NASDAQ:SBGI): stock turned positive on Friday. Though the stock opened at $30, the bulls momentum made the stock top out at $30.905 level for the day. The stock recorded a low of $29.93 and closed the trading day at $30.47, in the green by 1.87%. The total traded volume for the day was 841,854. The stock had closed at $29.91 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Faber Barry, officer (Exec. VP & General Counsel) of Sinclair Broadcast Group Inc, had unloaded 14,417 shares at an average price of $32.86 in a transaction dated on March 11, 2016. The total value of the transaction was worth $473,743.
Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to various television stations in the United States. The Company owns and provides programming and operating services or provides sales services and other non-programming operating services pursuant to contracts to around 164 stations in 79 markets. These stations broadcast around 373 channels, including 211 channels affiliated with primary networks or program service providers comprising FOX (46), ABC (33), CBS (29), NBC (21), CW (44), MNT (33) and Univision (5). The other 162 channels broadcast programming from This TV, Me TV, GetTV, Grit, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Heartland and Retro TV, among others, and one channel broadcasts independent programming. The Company operates under broadcast segment. Its broadcast segment consists of all of its television stations.