Director Howell Robin Robinson acquired 290 shares of Gray Television Inc. [GTN]

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gray Television Inc. shares valued at $4,591 were purchased by Howell Robin Robinson on Jun 30. At $15.83 per share, Howell Robin Robinson acquired 290 shares. The insider’s holdings grew to 1,692,844 shares worth approximately $22.89 million following the completion of this transaction.


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Also, HOWELL HILTON H JR purchased 290 shares, netting a total of over 4,591 in proceeds. Following the buying of shares at $15.83 each, the insider now holds 1,692,844 shares.

Before that, COWART JACKSON S IV had sold 4,900 shares from its account. In a trade valued at $98,931, the Chief Accounting Officer traded Gray Television Inc. shares for $20.19 each. Upon closing the transaction, the insider’s holdings decreased to 4,900 shares, worth approximately $0.17 million.

Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of March 30, 2020, Barrington Research has reiterated its “an Outperform” rating for GTN. Earlier on September 24, 2019, Wells Fargo initiated its rating. Their recommendation was “an Outperform” for GTN stock.

Analyzing GTN Stock Performance

On Thursday, Gray Television Inc. [NYSE: GTN] plunged -4.92% to $13.52. The stock’s lowest price that day was $13.19, but it reached a high of $14.00 in the same session. During the last five days, there has been a drop of approximately -5.12%. Over the course of the year, Gray Television Inc. shares have dropped approximately -32.94%. Shares of the company reached a 52-week high of $24.81 on 03/03/22 and a 52-week low of $13.19 on 11/03/22. A 50-day SMA is recorded $16.48, while a 200-day SMA reached $19.20. Nevertheless, trading volume fell to 0.94 million shares from 0.8 million shares the previous day.

Support And Resistance Levels for Gray Television Inc. (GTN)

According to the 24-hour chart, there is a support level at 13.14, which, if violated, would cause prices to drop to 12.76. In the upper region, resistance lies at 13.95. The next price resistance is at 14.38. RSI (Relative Strength Index) is 35.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 87.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Gray Television Inc. subject to short interest?

Stocks of Gray Television Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -3.49 million shares to 4.61 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.1 million shares. A decline of -75.7% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.54 of the overall float, the days-to-cover ratio (short ratio) decline to 4.54.

Which companies own the most shares of Gray Television Inc. (GTN)?

According to Dimensional Fund Advisors LP filings, the company currently owns 6,458,155 shares, which is about 7.55% of the total GTN shares outstanding. The investor’s shares have appreciated by 241,007 from its previous 13-F filing of 6217148.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $74,331,740. Darsana Capital Partners LP acquire a 10.36% interest valued at $65.44 million while The Vanguard Group, Inc. purchased a 47,530 stake. A total of 0 shares of Gray Television Inc. were bought by The Retirement Systems of Alabama during the quarter, and 434,133 were bought by Channing Capital Management LLC. In its current portfolio, ClearBridge Investments LLC holds 3,393,083 shares valued at $48.59 million.

In terms of Gray Television Inc. share price expectations, FactSet research, analysts set an average price target of $27.14 in the next 12 months, up nearly 103.94% from the previous closing price of $14.22. Analysts anticipate Gray Television Inc. stock to reach $32.00 by 2022, with the lowest price target being $18.00. In spite of this, 7 analysts ranked Gray Television Inc. stock as a Buy at the end of 2022. On March 04, 2019, Barrington Research assigned a price target of “an Outperform” to the stock and reiterated coverage with a $26.

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