Gray Television Inc.
) was a big mover last session, as the company saw its shares rise
by over 17% 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 about
20% in the past one-month time frame.
Over the past 30 days, the company has seen one positive revision
and its Zacks Consensus Estimate moved up, suggesting more solid
trading ahead. So, make sure to keep an eye on this stock, going
forward, to see if this recent jump can translate into more
strength down the road.
Gray Television currently has a Zacks Rank #3 (Hold) while its
Some better-ranked broadcasting stocks include
Entravision Communications Corporation
Discovery Communications, Inc.
). While Belo holds a Zacks Rank #1 (Strong Buy), Entravision and
Discovery carry a Zacks Rank #2 (Buy).
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