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.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.82 ratio) is neutral — neither side is clearly dominating.
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 2.50%.
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