In a filing, TEGNA Inc revealed its insider Cox Thomas R. unloaded Company’s shares for reported $1.46 million on Dec 06 ’24. In the deal valued at $18.73 per share,77,873 shares were sold. As a result of this transaction, Cox Thomas R. now holds 41,904 shares worth roughly $0.75 million.
Then, Heskett Julie sold 20,000 shares, generating $373,080 in total proceeds. Upon selling the shares at $18.65, the SVP and CFO now owns 23,751 shares.
Before that, Heskett Julie bought 20,000 shares. TEGNA Inc shares valued at $373,083 were divested by the Officer at a price of $18.65 per share.
Wells Fargo upgraded its TEGNA Inc [TGNA] rating to an Overweight from a an Equal weight in a research note published on December 19, 2024; the price target was increased to $23 from $21. Wells Fargo also remained covering TGNA and has decreased its forecast on May 05, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Argus revised its rating on April 13, 2022. It rated TGNA as “a Hold” which previously was an “a Buy”.
Price Performance Review of TGNA
On Monday, TEGNA Inc [NYSE:TGNA] saw its stock jump 0.73% to $17.97. Over the last five days, the stock has lost -4.36%. TEGNA Inc shares have fallen nearly -1.75% since the year began. Nevertheless, the stocks have risen 15.64% over the past one year. While a 52-week high of $19.62 was reached on 01/07/25, a 52-week low of $12.35 was recorded on 01/10/25. SMA at 50 days reached $18.25, while 200 days put it at $15.51.
Levels Of Support And Resistance For TGNA Stock
The 24-hour chart illustrates a support level at 17.83, which if violated will result in even more drops to 17.69. On the upside, there is a resistance level at 18.06. A further resistance level may holdings at 18.14. The Relative Strength Index (RSI) on the 14-day chart is 43.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.33%. Stochastics %K at 29.06% indicates the stock is a holding.
How much short interest is there in TEGNA Inc?
A steep rise in short interest was recorded in TEGNA Inc stocks on 2024-12-31, dropping by -3.94 million shares to a total of 6.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.08 million shares. There was a decline of -64.24%, which implies that there is a negative sentiment for the stock.
