Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gray Media 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 $0.32 million following the completion of this transaction.
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 Media Inc shares for $4.37 each. Upon closing the transaction, the insider’s holdings decreased to 150,216 shares, worth approximately $1.73 million.
As published in a research note from Barrington Research on February 27, 2024, Gray Media 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 -7.38%. Over the course of the year, Gray Media Inc shares have jumped approximately 7.62%. Shares of the company reached a 52-week high of $3.79 on 01/06/25 and a 52-week low of $3.15 on 01/02/25. A 50-day SMA is recorded $4.04, while a 200-day SMA reached $5.14. Nevertheless, trading volume fell to 0.84 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for Gray Media Inc (GTN)
According to the 24-hour chart, there is a support level at 3.31, which, if violated, would cause prices to drop to 3.23. In the upper region, resistance lies at 3.48. The next price resistance is at 3.56. RSI (Relative Strength Index) is 44.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 45.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
