Sinclair Broadcast Group Sees Day Two Surge (SBGI)

Posted in pre-market 
August 24th, 2009

Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) is indicated up strong again this morning after Benchmark raised its analyst rating to Buy from Hold after last week’s debt refinancing pushed shares up significantly higher.  At 8:38 AM EST we have seen a 9.8% gain to 3.13 on roughly 25,000 shares.  Volume will pick up as we get closer to the open and the average volume here is about 560,000 shares per day. This marks close to a 50% gain in just two trading days now. -JON OGG

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