Discovery Communications, Inc. (DISCA) Files Form 4 Insider Selling : John C Malone Sells 183,637 Shares

Discovery Communications, Inc. (DISCA): John C Malone , director 10% owner of Discovery Communications, Inc. sold 183,637 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $28.04 per share for a total value of $5,149,181.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 15, 2016, John C Malone (director 10% owner) sold 15,870 shares at $28.00 per share price.On Dec 18, 2015, Robert Miron (director) sold 820 shares at $26.31 per share price.Also, On Nov 9, 2015, Paul J Guagliardo (Chief Commercial Officer) sold 851 shares at $30.14 per share price.On Jun 3, 2015, Paul A Gould (director) sold 2,644 shares at $32.91 per share price.

Discovery Communications: On Tuesday, May 10, 2016 heightened volatility was witnessed in Discovery Communications which led to swings in the share price. The shares opened for trading at $28.33 and hit $29.37 on the upside , eventually ending the session at $29.31, with a gain of 4.12% or 1.16 points. The heightened volatility saw the trading volume jump to 46,55,506 shares. The 52-week high of the share price is $34.94 and the company has a market cap of $11,892 M . The 52-week low of the share price is at $23.74.

Discovery Communications Money Flow Index Chart

Company has been under the radar of several Street Analysts.Discovery Communications is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $29 .The Rating was issued on May 9, 2016.Discovery Communications is Upgraded by Barrington Research to Outperform and the brokerage firm has set the Price Target at $33. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 6, 2016.Discovery Communications is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $27 .The Rating was issued on May 6, 2016.Discovery Communications is Downgraded by Macquarie to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 26, 2016.Discovery Communications is Downgraded by Topeka Capital Markets to Hold while Lowering the Price Target of the company shares to $ 31 from a previous price target of $37 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 25, 2016.

Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

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Discovery Communications - Is it time to Sell?

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