Time Warner (NYSE:TWX) has tumbled 1.71% during the past week and has dropped 0.59% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.53%. Time Warner (NYSE:TWX) has underperformed the index by 1.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Time Warner (NYSE:TWX): The stock opened at $73.29 on Friday but the bulls could not build on the opening and the stock topped out at $73.59 for the day. The stock traded down to $72.34 during the day, due to lack of any buying support eventually closed down at $72.37 with a loss of -1.43% for the day. The stock had closed at $73.42 on the previous day. The total traded volume was 3,655,751 shares.
The company shares have dropped -17.78% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $91.34 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $74.10 and the 200 Day Moving Average price is recorded at $70.64.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Novack Kenneth J, director of Time Warner Inc., had unloaded 8,400 shares at an average price of $74.61 in a transaction dated on June 9, 2016. The total value of the transaction was worth $626,724.
Many analysts have stated their opinion on the company shares. Goldman Sachs maintains its rating on Time Warner (NYSE:TWX). The global brokerage major raises the current price target from $81 per share to $87 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on May 5, 2016. Currently the company Insiders own 0.79% of Time Warner shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -42.92% . Institutional Investors own 83.46% of Time Warner shares. During last six month period, the net percent change held by insiders has seen a change of -39.74%.
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.