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Recent Insider Activity Suggests Potential Gains for Gray Television, Inc (GTN)

Gray Television, Inc’s recently made public that its EVP Chief L & D Officer Latek Kevin Paul unloaded Company’s shares for reported $0.66 million on Dec 02 ’24. In the deal valued at $4.37 per share,150,216 shares were sold. As a result of this transaction, Latek Kevin Paul now holds 509,212 shares worth roughly $2.21 million.

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Then, Latek Kevin Paul sold 4,908 shares, generating $21,448 in total proceeds. Upon selling the shares at $4.37, the EVP Chief L & D Officer now owns 0 shares.

Before that, Latek Kevin Paul bought 150,216 shares. Gray Television, Inc shares valued at $650,435 were divested by the Officer at a price of $4.33 per share.

Barrington Research downgraded its Gray Television, Inc [GTN] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “an Underweight”. Loop Capital started covering the stock on October 15, 2020. It rated GTN as “a Buy”.

Price Performance Review of GTN

On Tuesday, Gray Television, Inc [NYSE:GTN] saw its stock fall -0.69% to $4.34. Over the last five days, the stock has lost -0.46%. Gray Television, Inc shares have fallen nearly -51.56% since the year began. Nevertheless, the stocks have fallen -47.07% over the past one year. While a 52-week high of $10.07 was reached on 01/26/24, a 52-week low of $3.95 was recorded on 11/08/24. SMA at 50 days reached $5.15, while 200 days put it at $5.50.

Levels Of Support And Resistance For GTN Stock

The 24-hour chart illustrates a support level at 4.28, which if violated will result in even more drops to 4.22. On the upside, there is a resistance level at 4.44. A further resistance level may holdings at 4.54. The Relative Strength Index (RSI) on the 14-day chart is 38.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.00%. Stochastics %K at 23.33% indicates the stock is a holding.

How much short interest is there in Gray Television, Inc?

A steep rise in short interest was recorded in Gray Television, Inc stocks on 2024-11-15, growing by 65218.0 shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.55 million shares. There was a rise of 1.41%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 30, 2020 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $20.

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