NEW YORK, June 28, 2016 /PRNewswire/ --
This morning, Stock-Callers.com takes a look at the Television Broadcasting industry, which continues to evolve as new and other forms of media challenge the space. Let us see how well these four equities have performed in recent weeks: Media General Inc. (NYSE: MEG), Scripps Networks Interactive Inc. (NASDAQ: SNI), Liberty Broadband Corp. (NASDAQ: LBRDK), and The E. W. Scripps Co. (NYSE: SSP). Access the technical alerts on these stocks by registering for free today at:
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Shares in Knoxville, Tennessee headquartered Media General Inc. ended Monday's session 1.58% lower at $16.81. A total volume of 855,934 shares was traded, which was higher than their three months average volume of 808,160 shares. The stock has gained 1.57% in the previous three months and 4.09% on an YTD basis. The Company's shares are trading 6.28% above their 200-day moving average. Moreover, shares in Media General, which develops lifestyle-oriented content for linear and interactive video platforms in the U.S., the U.K. and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America, have an RSI of 37.00.
Richmond, Virginia headquartered Scripps Networks Interactive Inc.'s stock finished the session at $59.41, which was a decline of 1.20%. A total volume of 1.57 million shares was traded, which was above their three months average volume of 1.10 million shares. The Company's shares have gained 8.07% since the start of this year. The stock is trading above its 200-day moving average by 0.64%. Moreover, shares of Scripps Networks Interactive, which owns and operates television stations in the U.S., have a Relative Strength Index (RSI) of 32.24.
On Monday, Englewood, Colorado-based cable operator, Liberty Broadband Corp.'s stock saw a decline of 1.13%, to close the day at $56.64. A total volume of 1.05 million shares was traded, which was above their three months average volume of 683,330 shares. The Company's shares have advanced 9.22% on an YTD basis. The stock is trading 5.29% above its 200-day moving average. Additionally, shares of Liberty Broadband, which provides video programming, Internet, voice, and advanced video services to residential and commercial customers in the U.S., have an RSI of 38.19.
Shares in Cincinnati, Ohio headquartered The E. W. Scripps Co. ended the day 4.17% lower at $15.63. A total volume of 583,450 shares was traded, which was above their three months average volume of 576,800 shares. The stock is trading below its 50-day moving average by 2.84%. Furthermore, shares of E. W. Scripps, which together with its subsidiaries, operates as a media enterprise with a portfolio of television, radio, and digital media brands, have an RSI of 36.67.
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