Sinclair Inc’s filing revealed that its Executive Chairman SMITH DAVID D acquired Company’s shares for reported $1.67 million on Apr 08 ’25. In the deal valued at $13.66 per share,122,072 shares were bought. As a result of this transaction, SMITH DAVID D now holds 1,462,956 shares worth roughly $20.53 million.
Then, SMITH DAVID D bought 63,073 shares, generating $814,083 in total proceeds. Upon buying the shares at $12.91, the Executive Chairman now owns 1,526,029 shares.
Before that, SMITH DAVID D bought 125,197 shares. Sinclair Inc shares valued at $1,875,539 were divested by the Executive Chairman at a price of $14.98 per share. As a result of the transaction, SMITH DAVID D now holds 1,207,968 shares, worth roughly $16.95 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 -2.84% to $14.03. Sinclair Inc shares have fallen nearly -13.07% since the year began. Nevertheless, the stocks have risen 13.51% 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 04/09/25. SMA at 50 days reached $14.90, while 200 days put it at $15.34.
Levels Of Support And Resistance For SBGI Stock
The 24-hour chart illustrates a support level at 13.86, which if violated will result in even more drops to 13.70. On the upside, there is a resistance level at 14.25. A further resistance level may holdings at 14.47. The Relative Strength Index (RSI) on the 14-day chart is 40.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.17%. Stochastics %K at 21.39% indicates the stock is a holding.
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.
