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Shares of Tegna Inc Rank the Highest in Terms of Relative Performance in the Broadcasting Industry (TGNA , SBGI , GTN , DISCK , DISCA )

By David Diaz

We looked at the Broadcasting industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Tegna Inc (NYSE:TGNA ) ranks first with a gain of 4.12%; Sinclair Broad-A (NASDAQ:SBGI ) ranks second with a gain of 3.94%; and Gray Television (NYSE:GTN ) ranks third with a gain of 3.73%.

Discovery Comm-C (NASDAQ:DISCK ) follows with a gain of 1.10% and Discovery Comm-A (NASDAQ:DISCA ) rounds out the top five with a gain of 0.88%.

SmarTrend recommended that subscribers consider buying shares of Discovery Comm-A on October 18th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $28.21. Since that recommendation, shares of Discovery Comm-A have risen 13.1%. We continue to monitor Discovery Comm-A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance tegna inc sinclair broad-a gray television discovery comm-c discovery comm-a