In a filing, Gray Television, Inc. revealed its Director BOGER RICHARD LEE acquired Company’s shares for reported $3578.0 on Jan 02 ’24. In the deal valued at $8.97 per share,399 shares were bought. As a result of this transaction, BOGER RICHARD LEE now holds 60,130 shares worth roughly $0.36 million.
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Then, BOGER RICHARD LEE bought 19 shares, generating $169 in total proceeds. Upon buying the shares at $8.89, the Director now owns 2,092 shares.
Before that, BOGER RICHARD LEE bought 465 shares. Gray Television, Inc. shares valued at $3,182 were divested by the Director at a price of $6.84 per share. As a result of the transaction, BOGER RICHARD LEE now holds 59,693 shares, worth roughly $0.36 million.
Barrington Research downgraded its Gray Television, Inc. [GTN] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “an Underweight”. Loop Capital started covering the stock on October 15, 2020. It rated GTN as “a Buy”.
Price Performance Review of GTN
On Monday, Gray Television, Inc. [NYSE:GTN] saw its stock jump 5.95% to $6.05. Over the last five days, the stock has gained 6.89%. Gray Television, Inc. shares have fallen nearly -32.48% since the year began. Nevertheless, the stocks have fallen -29.07% over the past one year. While a 52-week high of $10.69 was reached on 01/26/24, a 52-week low of $5.44 was recorded on 02/28/24. SMA at 50 days reached $7.50, while 200 days put it at $7.78. A total of 1.01 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For GTN Stock
The 24-hour chart illustrates a support level at 5.89, which if violated will result in even more drops to 5.72. On the upside, there is a resistance level at 6.15. A further resistance level may holdings at 6.24. The Relative Strength Index (RSI) on the 14-day chart is 43.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.38%. Stochastics %K at 65.57% indicates the stock is a holding.
How much short interest is there in Gray Television, Inc.?
A steep rise in short interest was recorded in Gray Television, Inc. stocks on Feb 29, 2024, growing by 0.28 million shares to a total of 5.5 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.22 million shares. There was a rise of 5.09%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.79.
The most recent change occurred on March 30, 2020 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $20.
