Large Inflow of Money Witnessed in Discovery Communications

Discovery Communications (NASDAQ:DISCA) : Investors lapped up stocks on upticks to the tune of $2.26 million in the Wednesdays trading session. The trading value on downticks was comparatively at $1.47 million and the uptick to downtick ratio of 1.54 indicates continuous buying by the bulls. The net money flow into the stock was $0.79 million. Upticks saw transactions worth $0.73 clearly indicating buying by large investors. The total money flow for block trades stood at $0.73 million, which is a positive for the stock in the long-term. Discovery Communications (NASDAQ:DISCA) fell $0.02 during the day at $23.9, a drop of -0.06% over the previous days close. However, for the week, the stock is -2.31%, compared to the previous week.


In an insider trading activity, Malone John C, director 10% owner of Discovery Communications, Inc., unloaded 183,637 shares at an average price of $28.04 on May 10, 2016. The total amount of the transaction was worth $5,149,181, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 5.78% of Discovery Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.67% . Institutional Investors own 39.13% of Discovery Communications shares. During last six month period, the net percent change held by insiders has seen a change of -2.57%.

The company shares have dropped -28.18% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $34.94 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $26.80 and the 200 Day Moving Average price is recorded at $27.05. Discovery Communications (NASDAQ:DISCA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.92 and $23.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.38, notching a gain of 1.97% for the day. The total traded volume was 3,558,680 . The stock had closed at $23.91 on the previous day.

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 Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).

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