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Sinclair (SBGI) in Focus: Stock Moves 5.9% Higher

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Sinclair Broadcast Group, Inc. (SBGI - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 46% in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Sinclair. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.    

Sinclair has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Investors interested in the Broadcast Radio and Television industry may consider Fox Corporation (FOXA - Free Report) which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Sinclair Broadcast Group, Inc. (SBGI) - free report >>

Fox Corporation (FOXA) - free report >>