Cablevision Systems Corporation (NYSE:CVC) has climbed 0.58% in the past week and advanced 0.69% in the last 4 weeks. The company has outperformed the S&P 500 by 1.78% in the past week but underperformed the index by 0.23% in the last 4 weeks.
Cablevision Systems Corporation (NYSE:CVC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.87 and $34.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.88, notching a gain of 0.03% for the day. The total traded volume was 7,585,870 . The stock had closed at $34.87 on the previous day.
The company shares have rallied 43.19% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $34.91 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $34.52 and the 200 Day Moving Average price is recorded at $32.71.
On the companys insider trading activities,The director of Cablevision Systems Corp /Ny, Tow Leonard sold 1,403 shares at $34.53 on May 11, 2016. The Insider selling transaction had a total value worth of $48,446. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 24.9% of Cablevision Systems Corporation shares according to the proxy statements. Institutional Investors own 63.73% of Cablevision Systems Corporation shares.
Cablevision Systems Corporation (Cablevision) through its subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries operates cable operations business in the United States. The Company operates in three reportable segments: Cable, consisting of its video, high-speed data, and Voice over Internet Protocol (VoIP) operations; Lightpath, which provides Ethernet-based data, Internet, voice and video transport and managed services to the business market in the New York metropolitan area, and Other, consisting principally of the operations of Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online Websites, such as the News 12 Networks, which provide regional news programming services, Cablevision Media Sales Corporation (Cablevision Media Sales), a cable television advertising company, and certain other businesses and unallocated corporate costs.