The Pres.,Dist.& Network Relations of Sinclair Broadcast (NASDAQ: SBGI) is Selling Shares

By Carrie Williams

Yesterday, the Pres.,Dist.& Network Relations of Sinclair Broadcast (SBGIResearch Report), Barry Faber, sold shares of SBGI for $127.3K.

Following Barry Faber’s last SBGI Sell transaction on November 23, 2020, the stock climbed by 9.9%. In addition to Barry Faber, 2 other SBGI executives reported Sell trades in the last month.

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The company has a one-year high of $37.98 and a one-year low of $10.58. Currently, Sinclair Broadcast has an average volume of 525.87K. SBGI’s market cap is $2.76 billion and the company has a P/E ratio of -1.10.

The insider sentiment on Sinclair Broadcast has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.