Sinclair is a media company. The content, distributed through Co.'s broadcast platform and third-party platforms, consists of programming provided by third-party networks and syndicators, local news, college and sports, and other original programming produced by Co. Additionally, Co. owns digital media products that are complementary to its portfolio of television station and regional sports network related digital properties. Outside of its media related businesses, Co. operates technical services companies focused on supply and maintenance of broadcast transmission systems as well as research and development for the improvement of broadcast technology. We show 56 historical shares outstanding datapoints in our SBGI shares outstanding history coverage, used to compute SBGI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SBGI market cap history over the course of time is important for investors
interested in comparing SBGI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SBGI versus a peer is one thing; comparing
SBGI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SBGI can fluctuate over the course of history.
With this page we aim to empower investors researching SBGI by allowing them to research the SBGI market cap history. |
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Video: The Importance of Market Cap
