Media General (MEG) has risen sharply, recording gains of 0.17% in the past 4 weeks. However, the stock has corrected -0.17% in the past 1 week, providing a good buying opportunity on dips. Media General (MEG) : During the past 4 weeks, traders have been relatively bearish on Media General (MEG), hence the stock is down -0.21% 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 -0.14% relative to the S&P 500.
Media General, Inc. is up 3.49% in the last 3-month period. Year-to-Date the stock performance stands at 10.15%. The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 1.35%.
Media General (NYSE:MEG): The stock opened at $17.73 on Friday but the bulls could not build on the opening and the stock topped out at $17.84 for the day. The stock traded down to $17.61 during the day, due to lack of any buying support eventually closed down at $17.79 with a loss of -0.11% for the day. The stock had closed at $17.81 on the previous day. The total traded volume was 420,344 shares.
Media General, Inc., formerly Mercury New Holdco, Inc., is a connected-screen multimedia company. The Company provides news, information and entertainment. The Companys segment include Broadcast segment, which has around 71 television stations that are either owned, operated or serviced by the Company in around 48 United States markets, all of which are engaged principally in the sale of television advertising, and Digital segment, which includes digital companies: LIN Digital, LIN Mobile, HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising. LIN Mobile provides mobile advertising. Federated Media provides display and video advertising. Dedicated Media provides marketing, data focusing and analytics for digital marketing campaigns. HYFN is a digital agency. BiteSize TV is a video content creator.