Yahoo Finance Gray Television (GTN) Catches Eye: Stock Jumps 6.6%
Gray Television, Inc.GTN was a big mover last session, as the company saw its shares rise nearly 7% 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 $14.40 to $16.20 in the past one-month time frame.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Gray Television currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Gray Television, Inc. Price
Gray Television, Inc. Price | Gray Television, Inc. Quote
A better-ranked stock in the Consumer Discretionary sector is Cumulus Media Inc. CMLSQ, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is GTN going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Gray Television, Inc. (GTN) : Free Stock Analysis Report
Cumulus Media Inc. (CMLSQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
