TEGNA Inc’s recently made public that its EVP and COO, Media Operations Trelstad Lynn B. unloaded Company’s shares for reported $0.41 million on Oct 25 ’24. In the deal valued at $16.40 per share,25,000 shares were sold. As a result of this transaction, Trelstad Lynn B. now holds 154,617 shares worth roughly $2.55 million.
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Then, Trelstad Lynn B. bought 25,000 shares, generating $410,000 in total proceeds.
Before that, Trelstad Lynn B. sold 25,000 shares. TEGNA Inc shares valued at $347,000 were divested by the EVP and COO, Media Operations at a price of $13.88 per share. As a result of the transaction, Trelstad Lynn B. now holds 179,617 shares, worth roughly $2.96 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 1.91% to $16.50. Over the last five days, the stock has gained 0.30%. TEGNA Inc shares have risen nearly 7.84% since the year began. Nevertheless, the stocks have risen 17.27% over the past one year. While a 52-week high of $16.87 was reached on 10/18/24, a 52-week low of $12.35 was recorded on 06/17/24. SMA at 50 days reached $15.03, while 200 days put it at $14.63.
Levels Of Support And Resistance For TGNA Stock
The 24-hour chart illustrates a support level at 16.31, which if violated will result in even more drops to 16.12. On the upside, there is a resistance level at 16.64. A further resistance level may holdings at 16.79. The Relative Strength Index (RSI) on the 14-day chart is 64.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.16%. Stochastics %K at 67.71% 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 2024-10-15, growing by 1.99 million shares to a total of 12.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.77 million shares. There was a rise of 15.59%, which implies that there is a positive sentiment for the stock.
