Sinclair Broadcast Group (SBGI) : During the past 4 weeks, traders have been relatively bearish on Sinclair Broadcast Group (SBGI), hence the stock is down -4.6% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.29% relative to the S&P 500. The 4-week change in the price of the stock is -3.61% and the stock has fallen -0.24% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 2.32%. Sinclair Broadcast Group (NASDAQ:SBGI): On Fridays trading session , Opening price of the stock was $29.35 with an intraday high of $29.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.11. However, the stock managed to close at $29.33, a loss of 0.24% for the day. On the previous day, the stock had closed at $29.4. The total traded volume of the day was 685,376 shares.
The company Insiders own 29.1% of Sinclair Broadcast Group shares according to the proxy statements. Institutional Investors own 69.96% of Sinclair Broadcast Group shares. During last six month period, the net percent change held by insiders has seen a change of -25.59%.
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.