Sinclair Broadcast Group (SBGI) : Traders are bullish on Sinclair Broadcast Group (SBGI) as it has outperformed the S&P 500 by a wide margin of 0.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, relative to the S&P 500. The stock has risen by 1.09% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.01% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 1.22%.The 200 Day SMA reached 5.52% Sinclair Broadcast Group, Inc. has dropped 4.49% during the last 3-month period . Year-to-Date the stock performance stands at -10.17%.
Sinclair Broadcast Group (SBGI) : The most positive equity analysts on Sinclair Broadcast Group (SBGI) expects the shares to touch $40, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $38.67 with an expected fluctuation of $1.53 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Sinclair Broadcast Group (NASDAQ:SBGI): The stock opened at $28.64 and touched an intraday high of $28.84 on Friday. During the day, the stock corrected to an intraday low of $28.43, however, the bulls stepped in and pushed the price higher to close in the green at $28.73 with a gain of 0.56% for the day. The total traded volume for the day was 1,285,293. The stock had closed at $28.73 in the previous trading session.
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.