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A Guide To The Risks Of Investing In TEGNA Inc (TGNA)

In a filing, TEGNA Inc revealed its Director DUNLEAVY CATHERINE unloaded Company’s shares for reported $213.0 on Aug 15 ’24. In the deal valued at $13.60 per share,16 shares were sold. As a result of this transaction, DUNLEAVY CATHERINE now holds 0 shares worth roughly $0.0.

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Then, DUNLEAVY CATHERINE sold 14 shares, generating $196 in total proceeds. Upon selling the shares at $14.02, the Director now owns 0 shares.

Before that, Lougee David T sold 98,437 shares. TEGNA Inc shares valued at $1,376,149 were divested by the President and CEO at a price of $13.98 per share. As a result of the transaction, Lougee David T now holds 594,401 shares, worth roughly $8.57 million.

A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “an Equal weight”. Argus also remained covering TGNA and has decreased its forecast on April 13, 2022 with a “Hold” recommendation from previously “Buy” rating. Barrington Research revised its rating on September 22, 2021. It rated TGNA as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of TGNA

On Monday, TEGNA Inc [NYSE:TGNA] saw its stock jump 2.71% to $14.41. Over the last five days, the stock has gained 3.08%. TEGNA Inc shares have fallen nearly -5.82% since the year began. Nevertheless, the stocks have fallen -12.72% over the past one year. While a 52-week high of $16.71 was reached on 07/18/24, a 52-week low of $12.35 was recorded on 06/17/24. SMA at 50 days reached $14.39, while 200 days put it at $14.68.

Levels Of Support And Resistance For TGNA Stock

The 24-hour chart illustrates a support level at 14.15, which if violated will result in even more drops to 13.89. On the upside, there is a resistance level at 14.57. A further resistance level may holdings at 14.73. The Relative Strength Index (RSI) on the 14-day chart is 52.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.73%. Stochastics %K at 42.79% indicates the stock is a holding.

How much short interest is there in TEGNA Inc?

A steep rise in short interest was recorded in TEGNA Inc stocks on 2024-07-31, dropping by -0.22 million shares to a total of 8.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 9.17 million shares. There was a decline of -2.41%, which implies that there is a negative sentiment for the stock.

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