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Analyzing Sinclair Inc (SBGI) After Recent Trading Activity

Sinclair Inc’s recent filing unveils that its Chief Accounting Officer BOCHENEK DAVID R unloaded Company’s shares for reported $0.28 million on Mar 11 ’24. In the deal valued at $13.44 per share,20,803 shares were sold. As a result of this transaction, BOCHENEK DAVID R now holds 0 shares worth roughly $0.0.

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Then, KEITH DANIEL C sold 30,086 shares, generating $408,442 in total proceeds. Upon selling the shares at $13.58, the Director now owns 30,000 shares.

Before that, Gibber David B sold 20,607 shares. Sinclair Inc shares valued at $274,743 were divested by the SVP & General Counsel at a price of $13.33 per share. As a result of the transaction, Gibber David B now holds 1,949 shares, worth roughly $30306.95.

JP Morgan downgraded its Sinclair Inc [SBGI] rating to an Underweight from a a Neutral in a research note published on December 08, 2022; the price target was decreased to $16 from $25. 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”. Wells Fargo also remained covering SBGI and has increased its forecast on May 05, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. Rosenblatt started covering the stock on April 19, 2022. It rated SBGI as “a Neutral”.

Price Performance Review of SBGI

On Tuesday, Sinclair Inc [NASDAQ:SBGI] saw its stock jump 3.43% to $15.55. Over the last five days, the stock has gained 16.65%. Sinclair Inc shares have risen nearly 19.34% since the year began. Nevertheless, the stocks have fallen -1.83% over the past one year. While a 52-week high of $17.58 was reached on 01/25/24, a 52-week low of $9.39 was recorded on 03/19/24. SMA at 50 days reached $12.84, while 200 days put it at $13.04. A total of 0.63 million shares were traded, compared to the trading of 0.64 million shares in the previous session.

Levels Of Support And Resistance For SBGI Stock

The 24-hour chart illustrates a support level at 14.85, which if violated will result in even more drops to 14.15. On the upside, there is a resistance level at 16.39. A further resistance level may holdings at 17.23. The Relative Strength Index (RSI) on the 14-day chart is 65.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.21%. Stochastics %K at 72.92% indicates the stock is a holding.

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