Large Outflow of Money Witnessed in Sinclair Broadcast Group

Shares of Sinclair Broadcast Group (NASDAQ:SBGI) advanced to $30.85. The price had gained 0.06% or 0.02 points intraday. The latest trading session witnessed $0.7 million in upticks and $5.6 million in downticks, resulting in net money flow of (-4.9) million. The up/down ratio for the day stood at 0.12. On a weekly scale, the price has seen a change of -1.06%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-4.68) million occurred during the day. $0 million in uptick and $4.68 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.

Sinclair Broadcast Group, Inc. has dropped 2.92% in the last five trading days, however, the shares have posted positive gains of 3.28% in the last 4 weeks. Sinclair Broadcast Group, Inc. has dropped 5.86% during the last 3-month period . Year-to-Date the stock performance stands at -5.95%.

Currently the company Insiders own 29.1% of Sinclair Broadcast Group shares according to the proxy statements. Institutional Investors own 73.36% of Sinclair Broadcast Group shares. During last six month period, the net percent change held by insiders has seen a change of -12.83%. . On the companys insider trading activities,The officer (Exec. VP & General Counsel) of Sinclair Broadcast Group Inc, Faber Barry sold 14,417 shares at $32.86 on March 11, 2016. The Insider selling transaction had a total value worth of $473,743. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Sinclair Broadcast Group (NASDAQ:SBGI) witnessed a decline in the market cap on Friday as its shares dropped 1.82% or 0.56 points. After the session commenced at $30.76, the stock reached the higher end at $31.09 while it hit a low of $30.17. With the volume soaring to 841,676 shares, the last trade was called at $30.27. The company has a 52-week high of $35.8949. The company has a market cap of $2,877 million and there are 95,031,038 shares in outstanding. The 52-week low of the share price is $24.04.

Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to various television stations in the United States. The Company owns and provides programming and operating services or provides sales services and other non-programming operating services pursuant to contracts to around 164 stations in 79 markets. These stations broadcast around 373 channels, including 211 channels affiliated with primary networks or program service providers comprising FOX (46), ABC (33), CBS (29), NBC (21), CW (44), MNT (33) and Univision (5). The other 162 channels broadcast programming from This TV, Me TV, GetTV, Grit, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Heartland and Retro TV, among others, and one channel broadcasts independent programming. The Company operates under broadcast segment. Its broadcast segment consists of all of its television stations.

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