Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gray Television, Inc shares valued at $80,934 were purchased by HOWELL HILTON H JR on Mar 28 ’24. At $8.09 per share, HOWELL HILTON H JR acquired 10,000 shares. The insider’s holdings grew to 2,982,386 shares worth approximately $14.29 million following the completion of this transaction.
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Also, Howell Robin Robinson purchased 10,000 shares, netting a total of over 80,934 in proceeds. Following the buying of shares at $8.09 each, the insider now holds 2,982,386 shares.
Before that, BOGER RICHARD LEE had added 399 shares to its account. In a trade valued at $3,578, the Director bought Gray Television, Inc shares for $8.97 each. Upon closing the transaction, the insider’s holdings increased to 399 shares, worth approximately $0.29 million.
As published in a research note from Barrington Research on February 27, 2024, Gray Television, Inc [GTN] has been rated down from an Outperform to a Mkt perform. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in early November. Earlier on October 15, 2020, Loop Capital initiated its rating. Their recommendation was “a Buy” for GTN stock.
Analyzing GTN Stock Performance
During the last five days, there has been a drop of approximately -17.27%. Over the course of the year, Gray Television, Inc shares have dropped approximately -46.54%. Shares of the company reached a 52-week high of $10.07 on 01/26/24 and a 52-week low of $3.95 on 11/08/24. A 50-day SMA is recorded $5.27, while a 200-day SMA reached $5.75. Nevertheless, trading volume fell to 1.69 million shares from 2.49 million shares the previous day.
Support And Resistance Levels for Gray Television, Inc (GTN)
According to the 24-hour chart, there is a support level at 4.52, which, if violated, would cause prices to drop to 4.26. In the upper region, resistance lies at 4.93. The next price resistance is at 5.08. RSI (Relative Strength Index) is 41.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 61.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
