Gray Television (NYSE:GTN) has been under a strong bear grip, hence the stock is down -2.81% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.38% in the past 1 week. The stock has risen by 2.68% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.24% in the past 4 weeks.
The company shares have dropped -32.81% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $18.07 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.30 and the 200 Day Moving Average price is recorded at $12.20.
The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 4.27%.
Gray Television (NYSE:GTN): stock turned positive on Friday. Though the stock opened at $11.1, the bulls momentum made the stock top out at $11.33 level for the day. The stock recorded a low of $11.09 and closed the trading day at $11.12, in the green by 1.09%. The total traded volume for the day was 1,152,987. The stock had closed at $11 in the previous days trading.
In an insider trading activity, Norton Hugh, director of Gray Television Inc, unloaded 7,500 shares at an average price of $17.12 on July 14, 2015. The total amount of the transaction was worth $128,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Gray Television Inc. (Gray) is a broadcast company, which owns and/or operates television stations and digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Grays owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. Gray reaches approximately 8.1% of total United States television households.