Gray Television to offer up to $1B notes to qualified institutional buyers
Seeking Alpha News (Mon, 20-May 8:35 AM ET)
Gray Television Commences Cash Tender Offer for Its 5.875% Senior Notes Due 2026
Globe Newswire (Mon, 20-May 8:20 AM ET)
Gray Announces Private Offering of Senior Secured Notes
Globe Newswire (Mon, 20-May 8:19 AM ET)
Globe Newswire (Wed, 15-May 4:43 PM ET)
Globe Newswire (Mon, 13-May 9:00 AM ET)
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
Globe Newswire (Wed, 8-May 4:30 PM ET)
Globe Newswire (Tue, 7-May 6:45 AM ET)
GRAY TELEVISION ROLLING OUT ADVANCED FEATURES WITH NEXTGEN TV
Globe Newswire (Mon, 29-Apr 7:00 AM ET)
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 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 May 21, 2024, GTN stock price declined to $6.03 with 385,540 million shares trading.
GTN has a beta of 1.05, meaning it tends to be more sensitive to market movements. GTN has a correlation of 0.04 to the broad based SPY ETF.
GTN has a market cap of $597.80 million. This is considered a Small Cap stock.
Last quarter Gray Television reported $823 million in Revenue and $.79 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.68.
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 price return of -19.5% while the SPY ETF gained +28.3%. GTN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.5% and -9.5%, respectively, while the SPY returned +7.1% and +2.7%, respectively.
GTN support price is $5.98 and resistance is $6.43 (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.