The EC of Sinclair Broadcast (NASDAQ: SBGI) is Selling Shares

By Carrie Williams

Today, the EC of Sinclair Broadcast (SBGIResearch Report), David D. Smith, sold shares of SBGI for $20.01M.

In addition to David D. Smith, 5 other SBGI executives reported Sell trades in the last month. This is Smith’s first Sell trade following 4 Buy transactions.

See today’s analyst top recommended stocks >>

The company has a one-year high of $39.60 and a one-year low of $11.95. Currently, Sinclair Broadcast has an average volume of 426.50K. SBGI’s market cap is $2.5 billion and the company has a P/E ratio of -1.00.

The insider sentiment on Sinclair Broadcast has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. 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.

Sinclair Broadcast Group, Inc. is a television broadcasting company, which engages in the provision of content on local television stations and digital and other platforms. It operates through Broadcast segment. The Broadcast segment provides free over-the-air programming to television viewing audiences in the communities through local television stations. Its primary channels consists of network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.