The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TEGNA Inc shares valued at $410,000 were sold by Trelstad Lynn B. on Oct 25 ’24. At $16.40 per share, Trelstad Lynn B. sold 25,000 shares. The insider’s holdings dropped to 154,617 shares worth approximately $2.99 million following the completion of this transaction.
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Also, Trelstad Lynn B. purchased 25,000 shares, netting a total of over 410,000 in proceeds.
Before that, Trelstad Lynn B. had sold 25,000 shares from its account. In a trade valued at $347,000, the EVP and COO, Media Operations traded TEGNA Inc shares for $13.88 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $3.47 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 17.59%. Over the course of the year, TEGNA Inc shares have jumped approximately 26.27%. Shares of the company reached a 52-week high of $19.62 on 11/07/24 and a 52-week low of $12.35 on 06/17/24. A 50-day SMA is recorded $15.51, while a 200-day SMA reached $14.68. Nevertheless, trading volume fell to 4.62 million shares from 5.66 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 18.07, which, if violated, would cause prices to drop to 16.83. In the upper region, resistance lies at 20.09. The next price resistance is at 20.87. RSI (Relative Strength Index) is 80.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.11, which suggests the price will increase in the coming days. Percent R is at 8.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
