Sinclair Inc’s filing revealed that its Executive Chairman SMITH DAVID D acquired Company’s shares for reported $0.32 million on Mar 06 ’25. In the deal valued at $14.28 per share,22,752 shares were bought. As a result of this transaction, SMITH DAVID D now holds 751,738 shares worth roughly $10.37 million.
Then, SMITH DAVID D bought 53,126 shares, generating $729,287 in total proceeds. Upon buying the shares at $13.73, the Executive Chairman now owns 698,690 shares.
Before that, SMITH DAVID D bought 30,296 shares. Sinclair Inc shares valued at $426,962 were divested by the Executive Chairman at a price of $14.09 per share. As a result of the transaction, SMITH DAVID D now holds 728,986 shares, worth roughly $10.06 million.
Wells Fargo upgraded its Sinclair Inc [SBGI] rating to an Equal weight from a an Underweight in a research note published on November 07, 2024; the price target was increased to $19 from $13. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “a Neutral” to “an Underweight”. Wells Fargo also remained covering SBGI and has decreased its forecast on November 03, 2022 with a “an Underweight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on May 05, 2022. It rated SBGI as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SBGI
On Monday, Sinclair Inc [NASDAQ:SBGI] saw its stock fall -4.17% to $13.80. Over the last five days, the stock has lost -0.79%. Sinclair Inc shares have fallen nearly -14.50% since the year began. Nevertheless, the stocks have risen 2.60% over the past one year. While a 52-week high of $18.45 was reached on 01/06/25, a 52-week low of $11.13 was recorded on 02/27/25. SMA at 50 days reached $15.03, while 200 days put it at $14.90.
Levels Of Support And Resistance For SBGI Stock
The 24-hour chart illustrates a support level at 13.51, which if violated will result in even more drops to 13.22. On the upside, there is a resistance level at 14.21. A further resistance level may holdings at 14.62. The Relative Strength Index (RSI) on the 14-day chart is 41.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.96%. Stochastics %K at 59.89% indicates the stock is a holding.
The most recent change occurred on April 19, 2022 when Rosenblatt began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
