Gray Television (GTN) has risen sharply, recording gains of 2.02% in the past 4 weeks. However, the stock has corrected -3.39% in the past 1 week, providing a good buying opportunity on dips. Gray Television (GTN) : During the past 4 weeks, traders have been relatively bearish on Gray Television (GTN), hence the stock is down -4.43% 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 -3.98% relative to the S&P 500.
Gray Television (NYSE:GTN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.09 and $11.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.10, notching a gain of 0.45% for the day. The total traded volume was 947,542 . The stock had closed at $11.05 on the previous day.
The stock has recorded a 20-day Moving Average of 0.14% and the 50-Day Moving Average is 1.74%. Gray Television, Inc. has dropped 12.8% during the last 3-month period . Year-to-Date the stock performance stands at -31.9%.
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.