Is Mediaco Holding Inc (MDIA) Stock About to Get Hot Tuesday?

Tuesday, June 13, 2023 12:15 PM | InvestorsObserver Analysts

Mentioned in this article

Is Mediaco Holding Inc (MDIA) Stock About to Get Hot Tuesday?

Mediaco Holding Inc (MDIA) stock has gained 23.58% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Mediaco Holding Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MDIA!

See Full MDIA Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MDIA Stock Today?

Mediaco Holding Inc (MDIA) stock is trading at $1.52 as of 12:07 PM on Tuesday, Jun 13, a gain of $0.23, or 17.44% from the previous closing price of $1.29. The stock has traded between $1.33 and $1.54 so far today. Volume today is more active than usual. So far 91,409 shares have traded compared to average volume of 7,560 shares. To screen for more stocks like Mediaco Holding Inc click here.

More About Mediaco Holding Inc

MediaCo Holding Inc is a radio broadcasting media company. It has two radio stations, WQHT-FM and WBLS-FM, which serve the New York City metropolitan area. The company generates revenue from radio and outdoor advertising sales and events including sponsorships and ticket sales. Click Here to get the full Stock Report for Mediaco Holding Inc stock.