Sinclair Broadcast Group Rises On Unusually High Volume (SBGI)
Sinclair Broadcast Group (Nasdaq:SBGI) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at 4 times its average daily volume and trading up $1.10 (+11.1%).
NEW YORK ( TheStreet) -- Sinclair Broadcast Group (Nasdaq: SBGI) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $1.10 (+11.1%) at $11.05 as of 2:41 p.m. ET. Sinclair Broadcast Group has a market cap of $473.1 million and is part of the services sector and media industry. Shares are up 21.6% year to date as of the close of trading on Tuesday. Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides certain programming, operating, or sales services to television stations in the United States. TheStreet Ratings rates Sinclair Broadcast Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Sinclair Broadcast Group Ratings Report.
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