Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TEGNA Inc shares valued at $709,600 were sold by Trelstad Lynn B. on Mar 10 ’25. At $17.74 per share, Trelstad Lynn B. sold 40,000 shares. The insider’s holdings dropped to 149,433 shares worth approximately $2.82 million following the completion of this transaction.
Also, Trelstad Lynn B. purchased 40,000 shares, netting a total of over 707,600 in proceeds.
Before that, Cox Thomas R. had sold 77,873 shares from its account. In a trade valued at $1,458,172, the insider traded TEGNA Inc shares for $18.73 each. Upon closing the transaction, the insider’s holdings decreased to 77,873 shares, worth approximately $0.79 million.
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 6.67%. Over the course of the year, TEGNA Inc shares have jumped approximately 3.23%. Shares of the company reached a 52-week high of $18.95 on 01/07/25 and a 52-week low of $16.47 on 02/26/25. A 50-day SMA is recorded $17.99, while a 200-day SMA reached $16.33.
Support And Resistance Levels for TEGNA Inc (TGNA)
According to the 24-hour chart, there is a support level at 18.40, which, if violated, would cause prices to drop to 17.93. In the upper region, resistance lies at 19.12. The next price resistance is at 19.37. RSI (Relative Strength Index) is 63.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 0.53%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
