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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Sinclair Broadcast (SBGI) in Focus: Stock Moves 5.6% Higher

Zacks Equity Research

Sinclair Broadcast Group, Inc. SBGI was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 13.4% in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Sinclair Broadcast. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Sinclair Broadcast currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Sinclair Broadcast Group, Inc. Price

Sinclair Broadcast Group, Inc. Price | Sinclair Broadcast Group, Inc. Quote

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Investors interested in the Broadcast Radio and Television industry may consider a better-ranked stock like Townsquare Media, Inc. TSQ, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SBGI going up? Or down? Predict to see what others think:Up or Down

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Sinclair Broadcast Group, Inc. (SBGI) : Free Stock Analysis Report
 
Townsquare Media, Inc. (TSQ) : Free Stock Analysis Report
 
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Zacks Investment Research