Investors Attention Alert: Sinclair Broadcast Group Inc (NASDAQ: SBGI)

On Thursday, Sinclair Broadcast Group Inc (NASDAQ: SBGI) stock soared 0.95% and closed at 40.25.  Its recent trading capacity is 952,808 shares versus to its average trading volume of 821613 shares. The company stock lowest price point for the session stood at $39.76. The stock opened the session at $39.76 and touched its highest price point at $40.81.

Sinclair Broadcast Group, Inc (SBGI) reported recently that it received notice from The International Chemical Workers Union (ICWU) disclaiming interest in representing employees that provide services to KHQA. After representing employees for over seven (7) years, the ICWU notified the CBS associate that Because of “a lack of interest from bargaining unit employees,” it will no longer represent the bargaining unit. The most recent contract covered a three (3) year period ending October 19, 2019.

“We are grateful for the trust our people put in us and we believe this is the result of our culture, the benefits provided by Sinclair and the many opportunities we have within the company causing employees to see no value in a third party representing their interests,” commented Sharon Merrell, General Manager of KHQA.

SBGI price switched up -5.60% 20-Days Simple Moving Average, dropped -8.93% from 50-Days Simple Moving Average and fell -8.02% from 200 Days Simple Moving Average. In the trailing 12 months period, return on assets ratio of the Company was 5.10% and return on equity ratio was 20.90% while its return on investment ratio was 12.30%. The stock as of last trading session moved 60.10% up from its 52-week low and was -39.54% behind its 52-week high.