LIN Media (LIN) in Focus: Stock Moves Up 22.4% - Tale of the Tape
LIN Media LLC ( LIN ) was a big mover last session, as the company saw its shares rise over 22% 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 $20.28 to $23.42 in the past one-month time frame.
The company has seen one positive revision in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for LIN Media. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.
LIN Media currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
However, some better-ranked stocks in the broadcasting-radio/TV industry include Entravision Communications Corporation ( EVC ), Phoenix New Media Limited ( FENG ) and Starz ( STRZA ). All of these have a Zacks Rank #2 (Buy).
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