Large Outflow of Money Witnessed in Time Warner

Time Warner (TWX): The stock had negative money flow to the tune of ($19.59 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $28.91 million, whereas, the outflow of money on downticks was $48.5 million and the ratio between the two was 0.6. The block trade had a negative net money flow of ($18.47 million). The total block trade value undertaken on upticks was $3.16 million. On the other hand, downticks amounted to $21.62 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.15. Time Warner (TWX) closed with marginal gains of 62 cents to end the day at $78.36, an increase of 0.8% over the previous days close. The stock recorded -0.36% for the week.


Time Warner (TWX) has been rated by 20 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $74. The average forecast of all the analysts is $85.85 and the expected standard deviation is $7.29.

Time Warner (NYSE:TWX): stock turned positive on Friday. Though the stock opened at $78.14, the bulls momentum made the stock top out at $78.48 level for the day. The stock recorded a low of $77.73 and closed the trading day at $78.36, in the green by 0.80%. The total traded volume for the day was 2,786,028. The stock had closed at $77.74 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Time Warner Inc., Novack Kenneth J had sold 8,400 shares worth of $626,724 in a transaction dated June 9, 2016. In this transaction, 8,400 shares were sold at $74.61 per share.

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States, its networks and related properties include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Cartoon Network, Boomerang, CNN and HLN. Outside the United States, Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.

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