Somewhat Positive Media Coverage Somewhat Unlikely to Impact Speedway Motorsports (TRK) Share Price
News stories about Speedway Motorsports (NYSE:TRK) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Speedway Motorsports earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.0184531924614 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Bristol Motor Speedway retains NRA as co-sponsor for night race (msn.com)
- Texas Motor Speedway announces new business partners (espn.com)
- NRA will sponsor NASCAR race at Bristol Motor Speedway (abcnews.go.com)
- EarthWater Racing Sold on Amazon Exclusives to Debut at Las Vegas Motor Speedway Featuring Car #23 Driven by Gray Gaulding (finance.yahoo.com)
- NASCAR: 5 things we learned from Atlanta Motor Speedway (beyondtheflag.com)
Separately, Zacks Investment Research raised shares of Speedway Motorsports from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, January 31st.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, February 28th. Speedway Motorsports’s dividend payout ratio is currently 70.59%.
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About Speedway Motorsports
Speedway Motorsports, Inc (SMI), through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company’s operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.
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