TEGNA Inc’s filing revealed that its Officer Trelstad Lynn B. acquired Company’s shares for reported $0.64 million on Apr 10 ’25. In the deal valued at $15.92 per share,40,000 shares were bought.
Then, Trelstad Lynn B. sold 40,000 shares, generating $709,600 in total proceeds. Upon selling the shares at $17.74, the EVP and COO, Media Operations now owns 149,433 shares.
Before that, Trelstad Lynn B. bought 40,000 shares. TEGNA Inc shares valued at $707,600 were divested by the Officer at a price of $17.69 per share.
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 Thursday, TEGNA Inc [NYSE:TGNA] saw its stock jump 2.09% to $16.09. Over the last five days, the stock has gained 1.39%. TEGNA Inc shares have fallen nearly -12.03% since the year began. Nevertheless, the stocks have risen 19.45% over the past one year. While a 52-week high of $19.62 was reached on 03/26/25, a 52-week low of $12.35 was recorded on 04/11/25. SMA at 50 days reached $17.60, while 200 days put it at $16.70.
Levels Of Support And Resistance For TGNA Stock
The 24-hour chart illustrates a support level at 15.82, which if violated will result in even more drops to 15.56. On the upside, there is a resistance level at 16.27. A further resistance level may holdings at 16.46. The Relative Strength Index (RSI) on the 14-day chart is 42.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.39%. Stochastics %K at 22.28% indicates the stock is a holding.
How much short interest is there in TEGNA Inc?
A steep rise in short interest was recorded in TEGNA Inc stocks on 2025-03-31, dropping by -1.53 million shares to a total of 4.9 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.43 million shares. There was a decline of -31.28%, which implies that there is a negative sentiment for the stock.
