Media General (MEG): The stock had negative money flow to the tune of ($21.93 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.07 million, whereas, the outflow of money on downticks was $24 million and the ratio between the two was 0.09. The block trade had a negative net money flow of ($21.88 million). The total block trade value undertaken on upticks was $0.87 million. On the other hand, downticks amounted to $22.75 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.04. Media General (MEG) closed with marginal gains of 27 cents to end the day at $17.83, an increase of 1.54% over the previous days close. The stock recorded 5.07% for the week.
The company Insiders own 16.5% of Media General shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.44% . Institutional Investors own 97.42% of Media General shares. During last six month period, the net percent change held by insiders has seen a change of -4.85%. In an insider trading activity,The director of Media General Inc, Muse John R sold 521,450 shares at $17.56 on June 20, 2016. The Insider selling transaction had a total value worth of $9,156,662. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Shares of Media General, Inc. rose by 5.63% in the last five trading days and 1.19% for the last 4 weeks. Media General, Inc. is up 6.7% in the last 3-month period. Year-to-Date the stock performance stands at 10.4%.
Media General (NYSE:MEG): The stock was completely flat for the day, closing at $17.83 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $17.85, the stock touched an intraday high of $17.95 and a low of $17.77. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $17.83. The total trading volume on Tuesday was 387,100.
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.