Gray Television (GTN) has been under a strong bear grip, hence the stock is down -7.66% 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 3.33% in the past 1 week. The stock has risen by 3.5% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.16% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 4.35%.The 200 Day SMA reached 12.98%
Gray Television (NYSE:GTN): After opening at $10.03, the stock dipped to an intraday low of $10 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.42 and the buying power remained strong till the end. The stock closed at $10.36 for the day, a gain of 3.50% for the day session. The total traded volume was 2,008,662. The stocks close on the previous trading day was $10.36.
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.