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Tegna Inc (TGNA): Price Now Near $19.12; Daily Chart Shows An Uptrend on 20 Day Basis


Tegna Inc (TGNA): Price Now Near $19.12; Daily Chart Shows An Uptrend on 20 Day Basis
Get Ratings)’s price is up $0.46 (2.47%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the
20 hour moving average has been crossed, with price now being
above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment meaning the shorter durations are above the longer duration averages, implying a sound upward trend. ....

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Hoffman declines Tegna board after valet incident


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Media attorney and consultant Adonis Hoffman has withdrawn a bid to be a board member for broadcast company Tegna, citing a conflict of interest and that CEO Dave Lougee assumed he was a hotel valet at an industry event.
The incident Hoffman had recalled, and which Lougee acknowledged in an SEC filing, happened in 2014 when he was seated at an industry dinner with Lougee. Though they had a significant discussion at the table, Hoffman said, after the event ended Lougee handed him his valet ticket thinking he was a hotel employee.
“The incident was a matter of principle as I thought about it if I was elected to a board and had to be in meetings with a man who I had interesting encounters with over the years,” said Hoffman, who is Black. ....

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Tegna CEO Dave Lougee apologises for mistaking black board nominee Adonis Hoffman as hotel car valet

Lawyer and professor Adonis Hoffman withdrew his candidacy for Tegna’s executive team, citing the time chief Dave Lougee assumed Mr Hoffman would park his car. ....

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