TEGNA (TGNA) Shares Slide -11.87%

TEGNA (TGNA) : During the past 4 weeks, traders have been relatively bearish on TEGNA (TGNA), hence the stock is down -9.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.81% relative to the S&P 500. The 4-week change in the price of the stock is -5.97% and the stock has fallen -11.87% in the past 1 week.

The stock has recorded a 20-day Moving Average of 7.91% and the 50-Day Moving Average is 4.65%. TEGNA Inc. has dropped 5.67% during the last 3-month period . Year-to-Date the stock performance stands at -13.17%.


TEGNA (NYSE:TGNA): On Fridays trading session , Opening price of the stock was $22.04 with an intraday high of $22.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.6. However, the stock managed to close at $21.9, a loss of 0.99% for the day. On the previous day, the stock had closed at $22.12. The total traded volume of the day was 1,832,678 shares.

Also, Jefferies maintains its rating on TEGNA (NYSE:TGNA). The global brokerage major lowers the current price target from $26 per share to $25 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on July 27, 2016.

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.

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