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Pre-Market Technical Scan on TV Broadcasters Equities -- News, Gray Television, Sinclair Broadcast, and Scripps Networks Interactive


News provided by

Wall St. Equities

Dec 18, 2017, 05:30 ET

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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:

www.wallstequities.com/registration

News

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:

www.wallstequities.com/registration/?symbol=NWS

Gray Television

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:

www.wallstequities.com/registration/?symbol=GTN

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:

www.wallstequities.com/registration/?symbol=SBGI

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:

www.wallstequities.com/registration/?symbol=SNI

--

Wall St. Equities:

Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

WSE has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY

WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

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