A Good Day On Wall Street For Scripps


With several executives set to appear at NAB Show New York, the news from Wall Street concerning The E.W. Scripps Co. looks pretty good. The media company had a very good performance in Tuesday’s trading.

At the Closing Bell, SSP was up 4% to $13.31.

That puts Scripps back into rebound mode, and hopefully past an August meltdown that put SSP as low as $11.39.

Still, SSP has a long way to go to fully recover from a poor summer performance. It carries a 1-year target estimate of $18.29, and is down significantly from May 9, when after a $23.16 close spiraled into a free fall, leaving Scripps investors with a stock trading in the $15 range.

As such, Scripps’ year-to-date stock performance isn’t pretty:

On a five-year scale, SSP is an up-and-down issue, with a silver lining for investors concerned about where it is today.

In April 2018, SSP bottomed out at $11.13 per share. Then, it doubled in value one year later.

A repeat performance would be very welcomed by investors.