Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TEGNA Inc shares valued at $347,000 were sold by Trelstad Lynn B. on Sep 12 ’24. At $13.88 per share, Trelstad Lynn B. sold 25,000 shares. The insider’s holdings dropped to 179,617 shares worth approximately $2.72 million following the completion of this transaction.
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Also, Trelstad Lynn B. purchased 25,000 shares, netting a total of over 347,000 in proceeds.
Before that, DUNLEAVY CATHERINE had sold 16 shares from its account. In a trade valued at $213, the Director traded TEGNA Inc shares for $13.60 each. Upon closing the transaction, the insider’s holdings decreased to 16 shares, worth approximately $0.0.
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 9.16%. Over the course of the year, TEGNA Inc shares have dropped approximately -1.05%. Shares of the company reached a 52-week high of $16.56 on 07/18/24 and a 52-week low of $12.35 on 06/17/24. A 50-day SMA is recorded $14.57, while a 200-day SMA reached $14.56. Nevertheless, trading volume fell to 2.91 million shares from 1.88 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 14.75, which, if violated, would cause prices to drop to 14.35. In the upper region, resistance lies at 15.50. The next price resistance is at 15.85. RSI (Relative Strength Index) is 63.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 15.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
