Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TEGNA Inc shares valued at $1,458,172 were sold by Cox Thomas R. on Dec 06 ’24. At $18.73 per share, Cox Thomas R. sold 77,873 shares. The insider’s holdings dropped to 41,904 shares worth approximately $0.78 million following the completion of this transaction.
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Also, Heskett Julie sold 20,000 shares, netting a total of over 373,080 in proceeds. Following the sale of shares at $18.65 each, the insider now holds 23,751 shares.
Before that, Heskett Julie had added 20,000 shares to its account. In a trade valued at $373,083, the Officer bought TEGNA Inc shares for $18.65 each.
As published in a research note from Wells Fargo on December 19, 2024, TEGNA Inc [TGNA] has been rated up from an Equal weight to an Overweight and the price target has been revised to $23 from $21. As of May 05, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for TGNA. Earlier on April 13, 2022, Argus downgraded its rating. Their new recommendation was “a Hold” for TGNA stock which previously was a “a Buy”.
Analyzing TGNA Stock Performance
During the last five days, there has been a surge of approximately 6.00%. Over the course of the year, TEGNA Inc shares have jumped approximately 21.24%. 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 $17.86, while a 200-day SMA reached $15.31. Nevertheless, trading volume fell to 3.54 million shares from 1.04 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 18.39, which, if violated, would cause prices to drop to 18.22. In the upper region, resistance lies at 18.64. The next price resistance is at 18.72. RSI (Relative Strength Index) is 55.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 29.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
