Sinclair Broadcast Group Inc (NASDAQ: SBGI) stock enjoyed a major increase of 22.4% on 5/9/24. The shares closed at $16.26. Moreover, trading volume in this advance was exceptionally high at 441% of normal. The stock has been strong relative to the market over the last nine months and has risen 27.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SBGI is expected to continue to be a modest Value Builder.
Sinclair Broadcast Group has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Sinclair Broadcast Group has a neutral Power Rating of 44 but a very low Appreciation Score of 7, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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