TGNA
TEGNA Inc. Communication Services - Broadcasting Investor Relations →
TEGNA Inc. (TGNA) closed at $20.03 as of 2026-03-20, trading 20.7% above its 200-week moving average of $16.59. The stock is currently moving closer to the line, down from 21.7% last week. The 14-week RSI sits at 56, indicating neutral momentum.
A big spike in selling this week — 2.0x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 2352 weeks of data, TGNA has crossed below its 200-week moving average 20 times. On average, these episodes lasted 37 weeks. Historically, investors who bought TGNA at the start of these episodes saw an average one-year return of +12.9%.
With a market cap of $3.2 billion, TGNA is a mid-cap stock. The company generates a free cash flow yield of 7.1%, which is healthy. Return on equity stands at 7.1%. The stock trades at 1.0x book value.
The company has been aggressively buying back shares, reducing its share count by 27.9% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in TGNA would have grown to $320, compared to $2683 for the S&P 500. TGNA has returned 3.6% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -28.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: TGNA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TGNA Crosses Below the Line?
Across 15 historical episodes, buying TGNA when it crossed below its 200-week moving average produced an average return of +9.2% after 12 months (median -2.0%), compared to +10.7% for the S&P 500 over the same periods. 46% of those episodes were profitable after one year. After 24 months, the average return was +23.8% vs +18.6% for the index.
Each line shows $100 invested at the moment TGNA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TGNA has crossed below its 200-week MA 20 times with an average 1-year return of +12.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 1981 | Oct 1981 | 5 | 3.4% | +18.3% | +1717.0% |
| Dec 1981 | Aug 1982 | 35 | 17.1% | +63.9% | +1660.2% |
| Apr 1988 | Dec 1988 | 36 | 10.3% | +25.0% | +499.7% |
| Apr 1990 | May 1990 | 5 | 4.8% | +23.8% | +412.0% |
| Jul 1990 | Jan 1991 | 28 | 17.9% | +22.8% | +408.3% |
| Jul 2000 | Dec 2000 | 23 | 16.1% | +17.7% | +28.4% |
| Mar 2001 | Apr 2001 | 4 | 7.2% | +26.6% | +21.1% |
| Jun 2001 | Jun 2001 | 1 | 1.6% | +20.9% | +20.2% |
| Aug 2001 | Oct 2001 | 6 | 8.6% | +25.3% | +19.4% |
| May 2005 | Dec 2011 | 342 | 94.6% | -25.0% | -6.7% |
| Jul 2016 | Jan 2017 | 27 | 20.1% | +12.1% | +79.2% |
| May 2017 | Jan 2018 | 35 | 20.9% | -24.9% | +70.0% |
| Jan 2018 | Feb 2019 | 56 | 30.2% | -17.6% | +73.3% |
| Mar 2020 | Nov 2020 | 33 | 23.9% | +63.8% | +80.4% |
| Mar 2023 | Mar 2023 | 3 | 8.5% | -3.4% | +41.5% |
| Apr 2023 | Jul 2023 | 15 | 9.1% | -16.1% | +30.9% |
| Aug 2023 | Nov 2024 | 64 | 23.6% | -13.9% | +32.0% |
| Mar 2025 | May 2025 | 5 | 8.5% | N/A | +28.4% |
| May 2025 | Jun 2025 | 6 | 2.6% | N/A | +23.6% |
| Jul 2025 | Aug 2025 | 4 | 8.4% | N/A | +22.0% |
| Average | 37 | — | +12.9% | — |
Frequently Asked Questions
Is TGNA below its 200-week moving average?
No. TEGNA Inc. (TGNA) is currently 20.7% above its 200-week moving average of $16.59. It would need to fall to $16.59 to cross below the line.
What is TGNA's 200-week moving average price?
TEGNA Inc.'s 200-week moving average is $16.59 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TGNA drops below its 200-week moving average?
TGNA has crossed below its 200-week moving average 20 times in our data. On average, buying at that moment produced a one-year return of +12.9%. These dips have historically been decent entry points. These episodes lasted 37 weeks on average.
Is TGNA a good value right now?
Here's what our data says about TGNA as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 56. Free cash flow yield is 7.1%. Return on equity is 7.1%. Price-to-book is 1.0x. This is not a buy or sell recommendation — always do your own research.
How does TGNA compare to the S&P 500?
Over the past 33.2 years, $100 invested in TGNA would have grown to $320, compared to $2683 for the S&P 500. That's 3.6% annualized vs 10.4% for the index. TGNA has underperformed the broader market over this period.
Does TGNA pay a dividend?
Yes. TEGNA Inc. currently pays a dividend yield of 250.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20