TEGNA Inc’s recently made public that its EVP and COO, Media Operations Trelstad Lynn B. unloaded Company’s shares for reported $0.71 million on Mar 10 ’25. In the deal valued at $17.74 per share,40,000 shares were sold. As a result of this transaction, Trelstad Lynn B. now holds 149,433 shares worth roughly $2.79 million.
Then, Trelstad Lynn B. bought 40,000 shares, generating $707,600 in total proceeds.
Before that, Cox Thomas R. sold 77,873 shares. TEGNA Inc shares valued at $1,458,172 were divested by the insider at a price of $18.73 per share. As a result of the transaction, Cox Thomas R. now holds 41,904 shares, worth roughly $0.78 million.
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 0.59% to $18.68. Over the last five days, the stock has gained 4.77%. TEGNA Inc shares have risen nearly 2.13% since the year began. Nevertheless, the stocks have risen 30.26% over the past one year. While a 52-week high of $19.62 was reached on 03/20/25, a 52-week low of $12.35 was recorded on 02/26/25. SMA at 50 days reached $18.00, while 200 days put it at $16.39.
Levels Of Support And Resistance For TGNA Stock
The 24-hour chart illustrates a support level at 18.52, which if violated will result in even more drops to 18.35. On the upside, there is a resistance level at 18.84. A further resistance level may holdings at 18.99. The Relative Strength Index (RSI) on the 14-day chart is 59.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.92%. Stochastics %K at 83.91% indicates the stock is a selling.
How much short interest is there in TEGNA Inc?
A steep rise in short interest was recorded in TEGNA Inc stocks on 2025-02-28, growing by 1.15 million shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.29 million shares. There was a rise of 17.81%, which implies that there is a positive sentiment for the stock.
