Yahoo Finance Gray Television (GTN) Catches Eye: Stock Jumps 11.1%
Gray Television, Inc. GTN was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 44.7% in the past one-month time frame.
The move came after the company announced that it will acquire Raycom Media.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Gray Television currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Gray Television, Inc. Price
Gray Television, Inc. Price | Gray Television, Inc. Quote
A better-ranked stock in the Broadcast Radio and Television industry is Salem Media Group, Inc. SALM, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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