It was another miserable day for global financial markets as the Dow Jones Industrial Average fell 103.81 points to 31,730.30 while the FTSE in London was off 1.6% to 7,233.34.
The Nasdaq was up, however, by 6.73 points to 11,370.96, and so was Sinclair Broadcast Group, which finished Thursday as a top performer in the media sector.
On slightly higher-than-usual volume of 869,383 shares, SBGI climbed by 6.3% to $24.03.
Gains were seen across the day on Thursday, pushing Sinclair stock ahead after two less-than-stellar showings that suggested SBGI was heading to a fresh six-month low.
That transpired on April 29, with a $22.24 closing price that concluded a dip from nearly $30 per share seen in early March.
The late April performance was the worst for SBGI in five years when one discounts the weeks following the March 2020 arrival of COVID-19 in the United States, and rewound the clock to February 2013 for Sinclair.
Sinclair boasts a $32 1-year target price from analysts who cover the stock.