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Nexstar Media-A has the Best Relative Performance in the Broadcasting Industry (NXST , SBGI , GTN , AMCX , DISCK )

By Shiri Gupta

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.

Nexstar Media-A (NASDAQ:NXST ) ranks first with a gain of 15.11%; Sinclair Broad-A (NASDAQ:SBGI ) ranks second with a gain of 14.78%; and Gray Television (NYSE:GTN ) ranks third with a gain of 13.07%.

Amc Networks-A (NASDAQ:AMCX ) follows with a gain of 11.82% and Discovery Comm-C (NASDAQ:DISCK ) rounds out the top five with a gain of 7.36%.

SmarTrend recommended that its subscribers protect gains by selling shares of Discovery Comm-C on January 24th, 2020 by issuing a Downtrend alert when the shares were trading at $28.48. Since that call, shares of Discovery Comm-C have fallen 40.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance nexstar media-a sinclair broad-a gray television amc networks-a discovery comm-c