DISH Network Corporation (NASDAQ:DISH) has tumbled 0.88% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 14% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.31% and the outperformance has advanced to 12.96% for the last 4 weeks period.
DISH Network Corporation (NASDAQ:DISH): The stock opened at $53.18 on Friday but the bulls could not build on the opening and the stock topped out at $54.30 for the day. The stock traded down to $52.90 during the day, due to lack of any buying support eventually closed down at $53.00 with a loss of -0.02% for the day. The stock had closed at $53.01 on the previous day. The total traded volume was 2,918,601 shares.
The company shares have dropped -24.84% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $71.94 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $49.42 and the 200 Day Moving Average price is recorded at $50.10.
On the companys insider trading activities, Dodge R Stanton, officer (EVP, Gen Counsel & Sec) of Dish Network Corp, unloaded 20,000 shares at an average price of $48.79 on May 31, 2016. The total amount of the transaction was worth $975,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Credit Suisse maintains its ratings on DISH Network Corporation (NASDAQ:DISH). In the latest research report, Credit Suisse lowers the target price from $65 per share to $53 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on March 3, 2016. Currently the company Insiders own 49.4% of DISH Network Corporation shares according to the proxy statements. Institutional Investors own 45.73% of DISH Network Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.67%.
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand, with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks, local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels, movie channels, and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV, a live, linear streaming over-the-top (OTT) service, including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses, AWS-4 Licenses and H Block Licenses.