On a relative basis, the stock has outperformed the S&P 500 by 2.18% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.28% in the last 1 week, and is up 0.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 0.5%.The 200 Day SMA reached 5.8% Media General, Inc. is up 2.06% in the last 3-month period. Year-to-Date the stock performance stands at 10.28%.
For the current week, the company shares have a recommendation consensus of Buy. Media General (NYSE:MEG): stock was range-bound between the intraday low of $17.75 and the intraday high of $17.99 after having opened at $17.83 on Fridays session. The stock finally closed in the red at $17.83, a loss of -0.67%. The stock remained in the red for the whole trading day. The total traded volume was 1,658,814 shares. The stock failed to cross $17.99 in Fridays trading. The stocks closing price on Thursday was $17.81.
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.