The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sinclair Inc shares valued at $1,585,092 were purchased by SMITH DAVID D on Mar 21 ’25. At $17.11 per share, SMITH DAVID D acquired 92,664 shares. The insider’s holdings grew to 1,064,869 shares worth approximately $15.7 million following the completion of this transaction.
Also, SMITH DAVID D purchased 17,902 shares, netting a total of over 294,422 in proceeds. Following the buying of shares at $16.45 each, the insider now holds 1,082,771 shares.
Before that, SMITH DAVID D had added 4,616 shares to its account. In a trade valued at $75,897, the Executive Chairman bought Sinclair Inc shares for $16.44 each. Upon closing the transaction, the insider’s holdings increased to 4,616 shares, worth approximately $14.33 million.
As published in a research note from Wells Fargo on November 07, 2024, Sinclair Inc [SBGI] has been rated up from an Underweight to an Equal weight and the price target has been revised to $19 from $13. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early December. As of November 03, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Underweight” for SBGI. Earlier on May 05, 2022, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for SBGI stock which previously was a “an Equal weight”.
Analyzing SBGI Stock Performance
During the last five days, there has been a drop of approximately -5.93%. Over the course of the year, Sinclair Inc shares have dropped approximately -8.67%. Shares of the company reached a 52-week high of $17.33 on 01/06/25 and a 52-week low of $12.77 on 02/27/25. A 50-day SMA is recorded $15.00, while a 200-day SMA reached $15.18.
Support And Resistance Levels for Sinclair Inc (SBGI)
According to the 24-hour chart, there is a support level at 14.50, which, if violated, would cause prices to drop to 14.27. In the upper region, resistance lies at 15.20. The next price resistance is at 15.67. RSI (Relative Strength Index) is 42.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 99.59%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
