TEGNA (TGNA) : During the past 4 weeks, traders have been relatively bearish on TEGNA (TGNA), hence the stock is down -11.34% 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 -2.33% relative to the S&P 500. The 4-week change in the price of the stock is -9.14% and the stock has fallen -1.92% in the past 1 week.
TEGNA (NYSE:TGNA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.10 and $21.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.48, notching a gain of 2.53% for the day. The total traded volume was 2,130,860 . The stock had closed at $20.95 on the previous day.
The stock has recorded a 20-day Moving Average of 7.98% and the 50-Day Moving Average is 6.09%. TEGNA Inc. has dropped 5.75% during the last 3-month period . Year-to-Date the stock performance stands at -14.83%.
TEGNA (TGNA) stock is expected to deviate a maximum of $5.19 from the average target price of $27.83 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $21.
TEGNA Inc., formerly Gannett Co., Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. The Companys Digital business segment includes Cars.com, CareerBuilder and Shoplocal.