TEGNA (NYSE:TGNA) : Traders are bullish on TEGNA (NYSE:TGNA) as it has outperformed the S&P 500 by a wide margin of 6.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.22%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.5% in the last 1 week, and is up 7.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.16% and the 50-Day Moving Average is 4.55%.
TEGNA (NYSE:TGNA): stock turned positive on Friday. Though the stock opened at $23.65, the bulls momentum made the stock top out at $23.96 level for the day. The stock recorded a low of $23.61 and closed the trading day at $23.64, in the green by 1.03%. The total traded volume for the day was 1,906,315. The stock had closed at $23.4 in the previous days trading.
TEGNA Inc., formerly Gannett Co., Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. The Companys Digital business segment includes Cars.com, CareerBuilder and Shoplocal.