A Sea Of Red On Wall Street


Thanks to a positive, albeit delayed, Q4 and full-year 2018 report, Entravision shares soared on Tuesday.

They were the lone media company, aside from Sinclair Broadcast Group and Spanish Broadcasting System (SBS), to see gains.

Every other company was down sharply, along with general indices.

As of 3:20pm Eastern, EVC was up 13.5% to $3.36. That’s a new year-to-date high for Entravision, and its highest stock price in 13 months.

Volume was high at 887,768 shares; average volume is 301,600 shares.

For SBGI, Sinclair shares continue to grow following yesterday’s meteoric rise triggered by the company’s desire to purchase 17 RSNs from The Walt Disney Co., required sales needed for Disney to complete its merger with Twenty-First Century Fox.

As of 3:23pm, Sinclair was up 18 cents to $60.66.

Meanwhile, SBS was up $0.0244 to $0.2275 in light trading.

Among the top decliners on Tuesday are CBS, Entercom, Gray Television, Snap Inc., Twitter, Urban One and TEGNA.

Declines were blamed on trade talk tensions between the U.S. and China.

For a live look at media stock prices during each trading day and at closing prices following the Closing Bell, please visit the Wall Street Report on the homepage of RBR.com.