Gray Television Stock: A Comprehensive Guide for Investors
Gray Television (GTN) is a leading television broadcasting company in the United States. This guide provides answers to frequently asked questions about Gray Television Stock, including ticker symbols, trading information, and the difference between Gray’s common stock and Class A common stock.
Where is Gray Television Stock Traded?
Gray Television’s common stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol GTN. The company’s Class A common stock is also traded on the NYSE, but under the symbol GTN.A. Investors can easily find Gray Television stock information and track its performance through various financial platforms using these ticker symbols.
Understanding Gray Television Stock: Common vs. Class A
While both Gray Television’s common stock (GTN) and Class A common stock (GTN.A) offer equal rights regarding dividends and liquidation preferences, there’s a key distinction in voting power. Each share of common stock carries one vote, whereas each share of Class A common stock provides ten votes. This difference in voting rights allows holders of Class A common stock to exert greater influence on company decisions.
This disparity in voting rights might seem to discourage potential takeover bids. However, common stock holders have specific protections in place. These protections aim to minimize price discrepancies between the two stock classes and ensure common stock holders can participate in any premium offered for Class A common stock in a takeover scenario. Essentially, these safeguards are designed to protect the interests of both types of shareholders.
Accessing Gray Television Investor Information
Gray Television provides convenient access to investor resources. Investors seeking detailed financial information, including annual reports (10K), quarterly reports (10Q), and other relevant documents, can visit the “Information Request” page on Gray’s website (https://gray.tv/about#moreinformation). This page allows individuals to request an investor relations packet containing comprehensive financial data.
For those interested in staying updated on company news and announcements, Gray offers an email alerts service. By subscribing through the “Email Alerts” page (https://gray.tv/emailalerts), investors can receive automated notifications directly to their inbox, ensuring they remain informed about Gray Television’s activities and performance. This proactive approach to communication enhances transparency and allows investors to make well-informed decisions.
