Sinclair Broadcast Group (NASDAQ:SBGI)stock identified change of 87.61% away from 52-week low price and recently located move of -54.91% off 52-week high price. It has market worth of $1.50B and dividend yield of 4.03%. SBGI stock has been recorded -3.75% away from 50 day moving average and -9.86% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.37% off 20-day moving average.
On Sept. 25, 2020, Sinclair Broadcast Group (NASDAQ:SBGI) reported that Diamond Sports Group, LLC’s (DSG) indirect subsidiary, Diamond Sports Finance SPV, LLC (Diamond SPV), has entered into a $250 million accounts receivable securitization facility. The facility has a term of three years and enables DSG to raise incremental, low cost funding by selling certain receivables on a revolving basis to Diamond SPV, which will in turn borrow money from third-party financial institutions.
Credit Suisse AG, New York Branch is serving as the administrative agent and certain of its lending affiliates are lenders under the facility.
The Communication Services sector company, Sinclair Broadcast Group noticed change of 0.05% to $19.84 along volume of 474210 shares in recent session compared to an average volume of 1.29M shares. The stock observed return of -8.28% in 5 days trading activity. The stock was at -7.07% over one month performance. SBGI’s shares are at 18.10% for the quarter and driving a -53.37% return over the course of the past year and is now at -40.49% since this point in 2018.
The average volatility for the week at 5.48% and for month was at 4.72%. There are 80.43M shares outstanding and 45.78M shares are floated in market. Right now the stock beta is 1.26.