TEGNA Inc.’s filing revealed that its EVP and COO, Media Operations Trelstad Lynn B. unloaded Company’s shares for reported $0.5 million on Aug 30. In the deal valued at $16.57 per share,30,000 shares were sold. As a result of this transaction, Trelstad Lynn B. now holds 181,881 shares worth roughly $ 2.86 million.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
Then, Trelstad Lynn B. sold 6,591 shares, generating $109,740 in total proceeds. Upon selling the shares at $16.65, the EVP and COO, Media Operations now owns 22,043 shares.
Wells Fargo downgraded its TEGNA Inc. [TGNA] rating to an Equal weight from a an Overweight in a research note published on Tuesday. PT values the company’s stock at a premium of 34.38 to its Tuesday closing price.
Price Performance Review of TGNA
On Tuesday, TEGNA Inc. [NYSE:TGNA] saw its stock jump 0.70% to $15.75. On the same session, the stock had its day’s lowest price of $15.44, but rose to a high of $15.94. Over the last five days, the stock has lost -3.49%. TEGNA Inc. shares have fallen nearly -25.67% since the year began. Nevertheless, the stocks have fallen -26.74% over the past one year. While a 52-week high of $22.29 was reached on 02/24/23, a 52-week low of $15.09 was recorded on 03/17/23. SMA at 50 days reached $16.55, while 200 days put it at $17.69. A total of 3.44 million shares were traded, compared to the trading of 2.63 million shares in the previous session.
Levels Of Support And Resistance For TGNA Stock
The 24-hour chart illustrates a support level at 15.48, which if violated will result in even more drops to 15.21. On the upside, there is a resistance level at 15.98. A further resistance level may holdings at 16.21. The Relative Strength Index (RSI) on the 14-day chart is 31.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.86%. Stochastics %K at 7.76% indicates the stock is a buying.
How much short interest is there in TEGNA Inc.?
A steep rise in short interest was recorded in TEGNA Inc. stocks on Aug 14, 2023, dropping by -4.59 million shares to a total of 7.86 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 12.45 million shares. There was a decline of -58.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.97.