We recently published a list of 20 Stocks Insiders Bought in April After Trump’s Tariff Rollout. In this article, we are going to take a look at where Sinclair, Inc. (NASDAQ:SBGI) stands against other stocks that insiders bought in April after Trump’s tariff rollout.
President Donald Trump called April 2 a “Liberation Day” after signing an executive order that imposed a minimum 10% tariff on all U.S. imports, with some exceptions. As a result, 57 countries will face higher tariffs ranging from 11% to 50%. While general tariffs took effect on April 5, the elevated rates are set to begin on April 9. These so-called ‘reciprocal tariffs’ triggered retaliation from trade partners and contributed to a decline in the stock market.” On Sunday, Trump said, “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” as reported by CNBC.
The blue-chip companies closed the Monday market session 0.91% lower, while the broader market index closed 0.23% lower after briefly entering bear market territory during the session. The Nasdaq Composite closed 0.10% higher.
Amid these tariff wars and overwhelming market uncertainty, insider trading often comes to focus. Why? When executives buy stock, it can suggest confidence in the company’s future. On the other hand, insider sales don’t have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company’s financial health and market conditions.
Our Methodology
Today, we’re focusing on stocks that insiders have been buying in April. Using Insider Monkey’s insider trading screener, we identified companies where at least one insider acquired shares from April 2 to April 7. From this list, we ranked the top 20 stocks with the highest value of insider purchases.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Aerial view of broadcast segment of the media company at work.
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.
Overall, SBGI ranks 8th on our list of stocks that insiders bought in April after Trump’s tariff rollout. While we acknowledge the potential of SBGI, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SBGI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
