Gray Media (GTN) Moves 10.4% Higher: Will This Strength Last?

Gray Media (GTN) shares ended the last trading session 10.4% higher at $5.22. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19.4% gain over the past four weeks.Gray Media is benefiting from rising momentum in local sports programming ads, expanding pipeline of high-profile projects and implementation of cost containment initiatives. It announced a $900 million private offering of 9.625% senior secured second lien ...