Sinclair Broadcast Group Inc. (SBGI): Today's Featured Media Laggard

Sinclair Broadcast Group ( SBGI) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 1.8%. By the end of trading, Sinclair Broadcast Group fell $0.47 (-1.5%) to $30.66 on light volume. Throughout the day, 1,237,206 shares of Sinclair Broadcast Group exchanged hands as compared to its average daily volume of 1,755,000 shares. The stock ranged in price between $30.43-$31.65 after having opened the day at $31.52 as compared to the previous trading day's close of $31.13. Other companies within the Media industry that declined today were: Tiger Media ( IDI), down 10.1%, Lee ( LEE), down 7.9%, Mandalay Digital Group ( MNDLD), down 4.9% and Mandalay Digital Group ( MNDL), down 4.9%.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. Sinclair Broadcast Group has a market cap of $2.3 billion and is part of the services sector. Shares are up 152.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Sinclair Broadcast Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Sinclair Broadcast Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Digital Domain Media Group ( DDMG), up 46.7%, Digital Domain Media Group ( DDMGQ), up 46.7%, Envoy Capital Group ( ECGI), up 8.4% and YOU On Demand Holdings ( YOD), up 6.6% , were all gainers within the media industry with Time Warner Cable ( TWC) being today's featured media industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Posts First Gain in Nine Sessions; Oil Jumps

Dow Posts First Gain in Nine Sessions; Oil Jumps