Time (NYSE:TIME) has climbed 0.18% in the past week and advanced 15.32% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.38% and the outperformance has advanced to 14.27% for the last 4 weeks period.
Time (NYSE:TIME): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.68 and $16.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.71, notching a gain of 0.36% for the day. The total traded volume was 1,897,224 . The stock had closed at $16.65 on the previous day.
The company shares have dropped -29.40% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $24.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.48 and the 200 Day Moving Average price is recorded at $14.98.
On the companys insider trading activities, Bell David Arthur, director of Time Inc., executed a transaction worth $75,300 on May 9, 2016. A total of 5,000 shares were purchased at an average price of $15.06. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Macquarie upgrades its view on Time (NYSE:TIME) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 0.93% of Time shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 35.29% . Institutional Investors own 94.61% of Time shares. During last six month period, the net percent change held by insiders has seen a change of 10.39%.
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.