Time (TIME) : During the past 4 weeks, traders have been relatively bearish on Time (TIME), hence the stock is down -17.47% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.45% relative to the S&P 500. The 4-week change in the price of the stock is -16.62% and the stock has fallen -3.4% in the past 1 week.
The stock has recorded a 20-day Moving Average of 12.7% and the 50-Day Moving Average is 15.82%. Time (NYSE:TIME): On Fridays trading session , Opening price of the stock was $13.82 with an intraday high of $13.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.59. However, the stock managed to close at $13.65, a loss of 1.23% for the day. On the previous day, the stock had closed at $13.82. The total traded volume of the day was 706,471 shares.
The company Insiders own 0.93% of Time shares according to the proxy statements. Institutional Investors own 92.13% of Time shares. During last six month period, the net percent change held by insiders has seen a change of 7.04%. Also, Citigroup maintains its rating on Time (NYSE:TIME). The global brokerage major lowers the current price target from $19 per share to $18 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on August 10, 2016.
Time Inc. is a media company. The Companys brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as approximately 50 titles in the United Kingdom, such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises, including the Fortune 500, Time 100, Peoples Sexiest Man Alive, Sports Illustrateds Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for the Company and third-party customers, including other magazine publishers.