A Major Shareholder at EW Scripps (NASDAQ: SSP) is Buying Shares

By Carrie Williams

Yesterday, a Major Shareholder at EW Scripps (SSPResearch Report), Corina Granado, bought shares of SSP for $1.2M.

This recent transaction increases Corina Granado’s holding in the company by 14.15% to a total of $9.89 million. This is Granado’s first transaction since reporting a Sell transaction on SNI back in December 2016

See today’s analyst top recommended stocks >>

Based on EW Scripps’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $337 million and GAAP net loss of $366K. In comparison, last year the company earned revenue of $283 million and had a net profit of $5.57 million. The company has a one-year high of $23.41 and a one-year low of $11.36. Currently, EW Scripps has an average volume of 428.30K.

The insider sentiment on EW Scripps has been negative according to 177 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The E.W. Scripps Co. engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Others. The Local Media segment is comprised of its local broadcast television stations and their related digital operations.