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Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024
Globe Newswire (Mon, 22-Apr 8:00 AM ET)
Gray Renews InvestigateTV+ For 2024-2025 Season
Globe Newswire (Thu, 18-Apr 8:00 AM ET)
Gray Television Stations Win Large Market and Small Market Service to America Awards
Globe Newswire (Tue, 16-Apr 7:00 AM ET)
GRAY SETS DATE FOR FIRST QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL
Globe Newswire (Tue, 9-Apr 3:45 PM ET)
Gray Announces Paydown of Debt
Globe Newswire (Fri, 5-Apr 12:18 PM ET)
Gray Promotes Peter Zampa to Senior National Correspondent
Globe Newswire (Thu, 4-Apr 2:30 PM ET)
Local News Live and Gray Stations to Stream Continuous Live Eclipse Coverage
Globe Newswire (Wed, 3-Apr 12:28 PM ET)
Gray to Provide Research and Consulting Services to CBS Owned and Operated Television Stations
Globe Newswire (Tue, 2-Apr 2:00 PM ET)
Globe Newswire (Tue, 2-Apr 7:00 AM ET)
Globe Newswire (Thu, 28-Mar 1:15 PM ET)
Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.
Gray Television trades on the NYSE stock market under the symbol GTN.
As of April 23, 2024, GTN stock price climbed to $5.92 with 734,898 million shares trading.
GTN has a beta of 1.08, meaning it tends to be more sensitive to market movements. GTN has a correlation of 0.05 to the broad based SPY ETF.
GTN has a market cap of $575.45 million. This is considered a Small Cap stock.
Last quarter Gray Television reported $864 million in Revenue and -$.24 earnings per share. This beat revenue expectation by $940,000 and missed earnings estimates by -$.08.
In the last 3 years, GTN stock traded as high as $25.24 and as low as $5.44.
The top ETF exchange traded funds that GTN belongs to (by Net Assets): VTI, IWM, FNDA, VXF, IWN.
GTN has underperformed the market in the last year with a return of -21.2%, while the SPY ETF gained +24.3%. In the last 3 month period, GTN fell short of the market, returning -36.0%, while SPY returned +4.9%. However, in the most recent 2 weeks GTN has outperformed the stock market by returning +1.5%, while SPY returned -2.5%.
GTN support price is $5.70 and resistance is $6.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GTN stock will trade within this expected range on the day.