20 Stocks Insiders Bought in April After Trump’s Tariff Rollout

8. Sinclair, Inc. (NASDAQ:SBGI)

Sinclair is a media company that provides content through local television stations and digital platforms across the U.S. It operates two segments: Local Media, which includes broadcast stations, networks, and original programming, and Tennis, which offers the Tennis Channel and streaming services related to tennis and pickleball. The Hunt Valley, Maryland-headquartered company also provides digital solutions and technical sales for broadcast systems.

This month, one insider purchased around $3.72 million worth of Sinclair shares at an average price of $14.03 per share. Year-to-date, the stock is down 12.79% trading at $14.08 per share. Over the past 12 months, Sinclair shares gained 12.87%.

In a recent development, Sinclair has become the first broadcast company authorized by the FAA to fly drones over people and moving vehicles for newsgathering without needing a waiver. This milestone in drone journalism allows Sinclair to operate specially modified drones under FAA rules.

Based on five analysts’ estimates Sinclair stock is a “Buy” with a price target of $19.3 per share, reports StockAnalysis. The average price target suggests a potential upside of 37.17% from the latest price.

Sinclair is also one of the 12 best broadcasting stocks to buy right now.