Sinclair Inc’s filing revealed that its Executive Chairman SMITH DAVID D acquired Company’s shares for reported $1.59 million on Mar 21 ’25. In the deal valued at $17.11 per share,92,664 shares were bought. As a result of this transaction, SMITH DAVID D now holds 1,064,869 shares worth roughly $16.64 million.
Then, SMITH DAVID D bought 17,902 shares, generating $294,422 in total proceeds. Upon buying the shares at $16.45, the Executive Chairman now owns 1,082,771 shares.
Before that, SMITH DAVID D bought 4,616 shares. Sinclair Inc shares valued at $75,897 were divested by the Executive Chairman at a price of $16.44 per share. As a result of the transaction, SMITH DAVID D now holds 972,205 shares, worth roughly $15.2 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 Friday, Sinclair Inc [NASDAQ:SBGI] saw its stock fall -0.26% to $15.63. Over the last five days, the stock has lost -7.84%. Sinclair Inc shares have fallen nearly -3.16% since the year began. Nevertheless, the stocks have risen 25.14% 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 $14.92, while 200 days put it at $15.10.
Levels Of Support And Resistance For SBGI Stock
The 24-hour chart illustrates a support level at 15.30, which if violated will result in even more drops to 14.98. On the upside, there is a resistance level at 15.89. A further resistance level may holdings at 16.15. The Relative Strength Index (RSI) on the 14-day chart is 51.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.60%. Stochastics %K at 67.10% indicates the stock is a holding.
How much short interest is there in Sinclair Inc?
A steep rise in short interest was recorded in Sinclair Inc stocks on 2025-03-14, growing by 44121.0 shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.34 million shares. There was a rise of 1.85%, which implies that there is a positive sentiment for the stock.
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.
