TGNA Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Tegna Inc. (TGNA) is not a strong buy at the moment for a beginner investor with a long-term strategy. While there are positive catalysts such as the pending acquisition by Nexstar and bullish technical indicators, the company's recent financial performance is weak, and hedge funds are selling heavily. Additionally, the overbought RSI suggests the stock may be overvalued in the short term. Holding or waiting for further clarity on the acquisition and financial recovery is recommended.
The technical indicators are mixed. The MACD is positive and expanding, and the moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the RSI is at 84.934, indicating the stock is overbought. The current price of $20.845 is near the resistance level (R1: $20.633, R2: $21.151), suggesting limited immediate upside potential.
Nexstar's pending $3.54 billion acquisition of Tegna, supported by Trump, could boost investor confidence and reshape the media industry.
Bullish technical indicators such as positive MACD and bullish moving averages.
Weak financial performance in Q3 2025, with revenue down 19.34% YoY, net income down 74.72% YoY, and EPS down 74.16% YoY.
Hedge funds are selling heavily, with a 276.91% increase in selling activity over the last quarter.
RSI indicates the stock is overbought, suggesting potential short-term downside.
In Q3 2025, Tegna's revenue dropped to $650.79 million (-19.34% YoY), net income fell to $37.12 million (-74.72% YoY), and EPS decreased to $0.23 (-74.16% YoY). Gross margin also declined significantly to 31.48% (-25.30% YoY).
No specific analyst rating or price target changes were provided in the data.
