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 $1,667,272 were purchased by SMITH DAVID D on Apr 08 ’25. At $13.66 per share, SMITH DAVID D acquired 122,072 shares. The insider’s holdings grew to 1,462,956 shares worth approximately $20.07 million following the completion of this transaction.
Also, SMITH DAVID D purchased 63,073 shares, netting a total of over 814,083 in proceeds. Following the buying of shares at $12.91 each, the insider now holds 1,526,029 shares.
Before that, SMITH DAVID D had added 125,197 shares to its account. In a trade valued at $1,875,539, the Executive Chairman bought Sinclair Inc shares for $14.98 each. Upon closing the transaction, the insider’s holdings increased to 125,197 shares, worth approximately $16.57 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
On last trading session,, Sinclair Inc [NASDAQ: SBGI] rose 1.59% to $13.72. The stock’s lowest price that day was $13.62, but it reached a high of $13.99 in the same session. During the last five days, there has been a surge of approximately 4.93%. Over the course of the year, Sinclair Inc shares have jumped approximately 16.62%. Shares of the company reached a 52-week high of $17.33 on 01/06/25 and a 52-week low of $12.70 on 06/05/25.
Support And Resistance Levels for Sinclair Inc (SBGI)
According to the 24-hour chart, there is a support level at 13.32, which, if violated, would cause prices to drop to 12.92. In the upper region, resistance lies at 14.15. The next price resistance is at 14.58. RSI (Relative Strength Index) is 49.92 on the 14-day chart, showing neutral technical sentiment.
Is Sinclair Inc subject to short interest?
Stocks of Sinclair Inc saw a sharp rise in short interest on 2025-06-13 jumping by 0.31 million shares to 2.76 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 2.45 million shares. A jump of 11.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.5 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.5.
Which companies own the most shares of Sinclair Inc (SBGI)?
In terms of Sinclair Inc share price expectations, FactSet research, analysts set an average price target of 19 in the next 12 months, up nearly 40.74% from the previous closing price of $13.5. Analysts anticipate Sinclair Inc stock to reach 50 by 2025, with the lowest price target being 15.7. In spite of this, 6 analysts ranked Sinclair Inc stock as Buy at the end of 2025. On April 19, 2022, Rosenblatt assigned a price target of “a Neutral” to the stock and initiated coverage with a $21.
