The MLB Labor Lockout Ends. Will SBGI Rebound Friday?


Until this morning, the ninth work stoppage in Major League Baseball history appeared to gain investor angst on Wall Street, with an Opening Day delay poised to eat into Bally Sports revenue, thus impacting Sinclair Broadcast Group shares.

At the Closing Bell on Nasdaq, SBGI was down 7.1% to $26.04.

Friday could be a big rebound day for the stock. Some 45 minutes before the end of Thursday’s trading, the 99-day lockout appeared to be over.

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