Sinclair Broadcast Group Inc (SBGI) Stock: What Does the Chart Say Friday?

The market has been down on Sinclair Broadcast Group Inc (SBGI) stock recently. SBGI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sinclair Broadcast Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SBGI!

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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 SBGI Stock Today?

Sinclair Broadcast Group Inc (SBGI) stock is trading at $15.85 as of 2:41 PM on Friday, May 26, an increase of $0.93, or 6.23% from the previous closing price of $14.92. The stock has traded between $14.92 and $15.91 so far today. Volume today is below average. So far 447,356 shares have traded compared to average volume of 881,986 shares.

More About Sinclair Broadcast Group Inc

Sinclair Broadcast Group Inc is the second-largest television station operator in the U.S. with 185 stations in 85 markets. Of the firms over 600 channels over 150 are affiliated with the four national broadcasters--Fox ABC CBS and NBC --with over 80 other channels on networks aligned with CBS CW and Fox MyNetworkTV. Via the 2019 purchase of Fox Sports Networks from Disney Sinclair is now the largest owner or operator of regional sports networks with 21 Fox-branded RSNs covering 42 NBA MLB and NHL teams along with the new home of the Chicago Cubs Marquee Sports Network. The firm also owns the Tennis Channel four multicast networks and professional wrestling promotion Ring of Honor. The company has two reportable segments: Broadcast and Local sports. Click Here to get the full Stock Report for Sinclair Broadcast Group Inc stock.