GTN-A Stock Surges 29% With A 5-day Winning Spree On NBC Renewal
Gray Media (GTN-A) stock hit day 5-day winning streak, with cumulative gains over this period amounting to a 29%. The company market cap has surged by about $273 Mil over the last 5 days, and currently stands at $1.2 Bil.
The stock has YTD (year-to-date) return of 5.2% compared to 0.8% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] Multi-Year NBC Affiliation Renewal
- Renewal covers 54 markets
- Sustained positive stock performance
- Impact: Strengthened Broadcast Portfolio, Increased Investor Confidence
[2] Positive Sector Momentum
- Identified as a top-performing broadcast stock in 2025
- Outperformed the Consumer Discretionary sector
- Impact: Increased Institutional Interest, Broad Sector-Wide Buying
Opportunity or Trap?
Below is our take on valuation.
There are several things to fear in GTN-A stock given its overall Very Weak operating performance and financial condition. Hence, despite its Low valuation, we think that the stock is Unattractive (For details, see Buy or Sell GTN-A).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for GTN-A stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | GTN-A | S&P 500 |
|---|---|---|
| 1D | 3.5% | 0.6% |
| 5D (Current Streak) | 28.7% | -0.4% |
| 1M (21D) | 48.2% | 0.8% |
| 3M (63D) | 26.7% | 2.8% |
| YTD 2026 | 5.2% | 0.8% |
| 2025 | 71.2% | 16.4% |
| 2024 | -11.0% | 23.3% |
| 2023 | -18.3% | 24.2% |
However, big gains can follow sharp reversals – but how has GTN-A behaved after prior drops? See GTN-A Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 9 S&P constituents with 3 days or more of consecutive gains and 49 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 2 | 20 |
| 4D | 2 | 13 |
| 5D | 3 | 8 |
| 6D | 1 | 6 |
| 7D or more | 1 | 2 |
| Total >=3 D | 9 | 49 |
Key Financials for Gray Media (GTN-A)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $3.3 Bil | $3.6 Bil |
| Operating Income | $447.0 Mil | $871.0 Mil |
| Net Income | $-76.0 Mil | $375.0 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $772.0 Mil | $749.0 Mil |
| Operating Income | $104.0 Mil | $101.0 Mil |
| Net Income | $-56.0 Mil | $-10.0 Mil |
While GTN-A stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.