TEGNA, Townsquare Lone Decliners Amid Big Wall St. Gains


U.S. financial markets enjoyed widespread gains on Monday. But, not every media company took part in the upward activity. TEGNA, which released its Q4 and full-year 2020 results early Monday, saw its shares decline.

Radio broadcasting company Townsquare Media, which will report its Q4 and full-year 2020 results in two weeks, was also down from Friday.

For TEGNA, shares slipped 18 cents to $18.05 after recently reaching a six-year high.

TSQ, meanwhile, dipped by 20 cents to $10.70. The stock has also been on the rise in recent months.

Key gainers include radio pure-play Saga Communications, up $2.12 to $22.80 in one of its biggest single-say sessions in recent memory. Activity picked up in the afternoon hours, with trading more than four times its average volume.

Radio sector leader iHeartMedia shares now sit at $15, up 93 cents; Entercom shares grew to $4.80, rising 33 cents.

Meanwhile, Nexstar Media Group sits at an incredible $144.21, up $6.66 from Friday. And, Sinclair Broadcast Group is now at $32.65 thanks to a $1.72 gain.