NEW YORK, Dec. 18, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on NWS, GTN, SBGI, and SNI which is a click away at www.wallstequities.com/registration. Business advertising, program popularity, and consumer demographics drive demand in the TV Broadcasting industry, according to a Hoovers report. The profitability of individual companies depends on advertising volume, programming mix, and efficient operations. Today, WallStEquities.com monitors News Corp. (NASDAQ: NWS), Gray Television Inc. (NYSE: GTN), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), and Scripps Networks Interactive Inc. (NASDAQ: SNI). Get you free stock reports on these stock by registering now on Wall St. Equities at:
Last Friday, New York-based News Corp.'s stock declined 0.61%, to close the day at $16.35. A total volume of 1.44 million shares was traded, which was above their three months average volume of 622,800 shares. The Company's shares have advanced 5.14% in the last month, 21.56% in the previous three months, and 38.56% on an YTD basis. The stock is trading 8.39% above its 50-day moving average and 17.06% above its 200-day moving average. Additionally, shares of News Corp. have a Relative Strength Index (RSI) of 58.60.
On December 05th, 2017, News Corp. announced the launch of News IQ, a new advertising platform with an audience of over 140 million in the United States. This marks the first time that the Company has integrated all of its collective first-party data, premium media properties, and data science tools into one, unified advertising solution. Get started with a complimentary subscription and access to the free report on NWS at:
Shares in Georgia-based Gray Television Inc. jumped 6.56%, finishing Friday's session at $16.25. The stock recorded a trading volume of 3.54 million shares, which was above its three months average volume of 1.31 million shares. The Company's shares have gained 9.06% in the last month, 12.46% over the previous three months, and 49.77% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.87% and 13.52%, respectively. Furthermore, shares of Gray Television have an RSI of 63.76.
On December 06th, 2017, Gray Television (GTN) announced the completion of its previously announced and priced underwritten public offering of shares of the Company's common stock at a price to the public of $14.50 per share. GTN issued a total of 17.25 million shares of common stock in the offering, which included 2.25 million shares issued pursuant to the full exercise of the underwriters' over-allotment option. After giving effect to the offering, the Company had 83,253,588 shares of common stock, and 6,598,377 shares of Class A common stock, issued and outstanding.
On December 14th, 2017, research firm Jefferies initiated a 'Buy' rating on the Company's stock, with a target price of $18 per share. Free research on GTN can be accessed at:
Sinclair Broadcast Group
Maryland-based Sinclair Broadcast Group Inc.'s stock finished 1.91% higher at $37.35 last Friday at the close. A total volume of 1.81 million shares was traded, which was higher than their three months average volume of 1.50 million shares. The Company's shares have advanced 20.10% in the past month, 30.59% in the previous three months, and 11.99% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 15.91% and 9.83%, respectively. Additionally, shares of Sinclair Broadcast have an RSI of 76.97.
On December 05th, 2017, Chris Ripley, President and CEO of Sinclair Broadcast Group, announced that Rob Weisbord has been named Chief Revenue Officer of the Company, effective January 01st, 2018. Mr. Weisbord will report into the Chief Executive Officer and will be responsible for developing, executing, and leading sales and revenue growth strategies and initiatives for Broadcasting, Digital, Advanced Revenue, and all Networks sales. Visit WallStEquities.com now and sign up for the free research on SBGI at:
Scripps Networks Interactive
Tennessee-headquartered Scripps Networks Interactive Inc.'s shares ended the session 2.17% higher at $83.21. The stock recorded a trading volume of 1.46 million shares, which was above its three months average volume of 1.02 million shares. The Company's shares have advanced 5.18% in the last month and 16.59% on an YTD basis. The stock is trading 1.45% above its 50-day moving average and 6.45% above its 200-day moving average. Moreover, shares of Scripps Networks Interactive have an RSI of 60.49.
On November 29th, 2017, Food Network, managed by Scripps Networks Interactive, announced that Valerie Bertinelli and Duff Goldman will challenge the skills of a dozen young bakers on a new season of Kids Baking Championship, premiering January 01st, 2018, at 9:00 p.m. ET/PT. Only one will take the sweet grand prize of $25,000, a feature in Food Network Magazine, and the title of "Kids Baking Champion." Free research on SNI can be accessed at:
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