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TEGNA Inc [TGNA] President and CEO makes an insider sale of 98,437 shares worth 1,376,149.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TEGNA Inc shares valued at $1,376,149 were sold by Lougee David T on Jul 01 ’24. At $13.98 per share, Lougee David T sold 98,437 shares. The insider’s holdings dropped to 594,401 shares worth approximately $8.32 million following the completion of this transaction.

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Also, Trelstad Lynn B. sold 25,000 shares, netting a total of over 349,750 in proceeds. Following the sale of shares at $13.99 each, the insider now holds 190,474 shares.

Before that, Lougee David T had sold 32,813 shares from its account. In a trade valued at $493,508, the President and CEO traded TEGNA Inc shares for $15.04 each. Upon closing the transaction, the insider’s holdings decreased to 32,813 shares, worth approximately $9.7 million.

Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early May. As of April 13, 2022, Argus has decreased its “Buy” rating to a “Hold” for TGNA. Earlier on September 22, 2021, Barrington Research downgraded its rating. Their new recommendation was “a Mkt perform” for TGNA stock which previously was a “an Outperform”.

Analyzing TGNA Stock Performance

During the last five days, there has been a surge of approximately 1.97%. Over the course of the year, TEGNA Inc shares have dropped approximately -8.50%. Shares of the company reached a 52-week high of $16.00 on 01/29/24 and a 52-week low of $12.35 on 06/17/24. A 50-day SMA is recorded $14.15, while a 200-day SMA reached $14.65. Nevertheless, trading volume fell to 0.94 million shares from 2.28 million shares the previous day.

Support And Resistance Levels for TEGNA Inc (TGNA)

According to the 24-hour chart, there is a support level at 13.77, which, if violated, would cause prices to drop to 13.55. In the upper region, resistance lies at 14.12. The next price resistance is at 14.25. RSI (Relative Strength Index) is 53.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 13.39%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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