Gray Television (GTN) Soars: Stock Rises 14.6% in Session

Zacks

Gray Television Inc. (GTN) was a big mover last session, as the company saw its shares rise over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.29 to $11.28 in the past one-month time frame.

The company has seen two negative revisions in the past 30 days while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

Gray Television currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the broadcasting - radio/TV industry include AMC Networks Inc. (AMCX), Entravision Communications Corporation (EVC) and Phoenix New Media Limited (FENG). All of these have a Zacks Ran #2 (Buy).

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GRAY TELEVISION INC (GTN): Free Stock Analysis Report

AMC NETWORKS CL A (AMCX): Free Stock Analysis Report

ENTRAVISION COMMUNICATIONS C (EVC): Free Stock Analysis Report

PHOENIX NEW MEDIA LTD (FENG): Free Stock Analysis Report


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