Gray Television Inc. (GTN) was a big mover last session, as the company saw its shares rise around 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the volatile price range of $8.26 to $9.20 in which this television company was trading in the past one-month time frame.
The company has seen 1 negative revision in the past one month and its Zacks Consensus Estimate moved lower over the same period, 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 move higher lasts.
Gray Television currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better performing Broadcasting stocks include Denso Corp. (DNZOY), Carbonite, Inc. (CARB) and Atlantic Power Corp. (AT). While Denso Corp. holds a Zacks Rank #1 (Strong Buy), Carbonite and Atlantic Power carry a Zacks Rank #2 (Buy).
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