Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gray Television, Inc shares valued at $67,020 were sold by McTear Paul on Dec 16 ’24. At $3.77 per share, McTear Paul sold 17,780 shares. The insider’s holdings dropped to 95,360 shares worth approximately $0.29 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, McTear Paul purchased 17,880 shares, netting a total of over 74,023 in proceeds.
Before that, Latek Kevin Paul had sold 150,216 shares from its account. In a trade valued at $656,444, the EVP Chief L & D Officer traded Gray Television, Inc shares for $4.37 each. Upon closing the transaction, the insider’s holdings decreased to 150,216 shares, worth approximately $1.54 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 -7.29%. Over the course of the year, Gray Television, Inc shares have dropped approximately -65.96%. Shares of the company reached a 52-week high of $10.07 on 01/26/24 and a 52-week low of $2.91 on 12/24/24. A 50-day SMA is recorded $4.65, while a 200-day SMA reached $5.31. Nevertheless, trading volume fell to 0.74 million shares from 2.07 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 2.93, which, if violated, would cause prices to drop to 2.83. In the upper region, resistance lies at 3.11. The next price resistance is at 3.19. RSI (Relative Strength Index) is 24.02 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 92.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
