Sinclair Broadcast Group (SBGI) Shares are Up 5.79%

Sinclair Broadcast Group (SBGI) has been under a strong bear grip, hence the stock is down -1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.61% in the past 1 week. The stock has risen by 5.79% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.53% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.49% and the 50-Day Moving Average is 1.25%.The 200 Day SMA reached 4.14%


Sinclair Broadcast Group (NASDAQ:SBGI): After opening at $28.48, the stock dipped to an intraday low of $28.41 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.97 and the buying power remained strong till the end. The stock closed at $28.88 for the day, a gain of 1.73% for the day session. The total traded volume was 1,030,993. The stocks close on the previous trading day was $28.88.

Sinclair Broadcast Group (SBGI) : Average target price received by Sinclair Broadcast Group (SBGI) is $38.33 with an expected standard deviation of $2.08. The most aggressive target on the stock is $40, whereas the most downbeat target is $36. 3 financial analysts are currently covering the stock.

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.

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