Investors News Spotlight: Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) stock observed trading 0.18% off 52-week high price. On the other end, the stock has been noted 75.20% away from low price over the last 52-weeks. The stock disclosed a move of 21.38% away from 50 day moving average and 42.68% away from 200 day moving average. Moving closer, we can see that shares have been trading 10.90% off 20-day moving average. It has market cap of $3951.23M and dividend yield of 1.83%.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) reported that Susan Walther has been promoted to General Manager of WGME (CBS) in Portland, Maine.  Ms. Walther will also be responsible for the oversight of Sinclair’s provision of services to WPFO (FOX) under a joint sales agreement.  The announcement was made by Steve Marks, EVP & Chief Operating Officer of Sinclair’s television group.

In making the announcement, Mr. Marks said, “Susan is no stranger to the Portland Maine Market.  She has been with Sinclair in Portland for almost 20 years.  Her long history in television sales and deep connection to the community make her a great leader for our stations.”

“I work with the best in the business,” commented Ms. Walther.  “I look forward to getting more deeply involved in the local community and helping to lead our team to even greater success.”

Ms. Walther has been with Sinclair Broadcast Group for 19 years, serving as General Sales Manager for the past nine.  Over the past 30 years, she has held various sales and management positions in the market.  Ms. Walther holds a Bachelor of Arts in Communications/Business from the University of New Hampshire.

The USA based company Sinclair Broadcast Group moved with change of 0.82% to $44.02 with the total traded volume of 189287 shares in recent session versus to an average volume of 1151.62K. The stock was observed in the 5 days activity at 5.43%. The one month performance of stock was 13.64%. SBGI’s shares are at 46.07% for the quarter and driving a 49.01% return over the course of the past year and is now at 65.76% since this point in 2018.  Right now the stock beta is 1.49. The average volatility for the week and month was at 2.41% and 2.36% respectively. There are 90.5M shares outstanding and 60.11M shares are floated in market.

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