TEGNA (TGNA) : Traders are bullish on TEGNA (TGNA) as it has outperformed the S&P 500 by a wide margin of 6.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.53% in the last 1 week, and is up 5.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.33% and the 50-Day Moving Average is 2.29%.The 200 Day SMA reached 3.94%
TEGNA (NYSE:TGNA): After opening at $21.57, the stock dipped to an intraday low of $21.41 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.9 and the buying power remained strong till the end. The stock closed at $21.86 for the day, a gain of 1.44% for the day session. The total traded volume was 1,767,066. The stocks close on the previous trading day was $21.86.
TEGNA (TGNA) : 5 investment research analysts covering TEGNA (TGNA) have an average price target of $27.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $34 and the lowest target is $21 for the short term. Analysts expect the variance to be within $5.54 of the average price.
TEGNA Inc., formerly Gannett Co., Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. The Companys Digital business segment includes Cars.com, CareerBuilder and Shoplocal.