Large Outflow of Money Witnessed in Time Warner

Time Warner (NYSE:TWX) managed to eke out gains of 0.01% in intraday trade. The share price increased by 0.01 points to $73.64. Till last observation, the net money flow was recorded at a negative $(-3.17) million. The total inflow of $11.12 million in upticks was completely overshadowed by an outflow of $14.29 million in downticks, giving the up/down ratio a value of 0.78. The shares have seen a change of -2.91% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $2.7 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-2.7) million.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Time Warner Inc., Novack Kenneth J had sold 8,400 shares worth of $626,724 in a transaction dated June 9, 2016. In this transaction, 8,400 shares were sold at $74.61 per share.

Time Warner (NYSE:TWX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.5 points or 0.68% at $73.13 with 2,653,287 shares getting traded. Post opening the session at $73.52, the shares hit an intraday low of $73.04 and an intraday high of $74.34 and the price was in this range throughout the day. The company has a market cap of $57,509 million and the number of outstanding shares have been calculated to be 786,394,320 shares. The 52-week high of Time Warner (NYSE:TWX) is $91.34 and the 52-week low is $55.53.

Many analysts have stated their opinion on the company shares. Brokerage firm Goldman Sachs maintains its rating on Time Warner (NYSE:TWX). As per the latest information, the brokerage house raises the price target to $87 per share from a prior target of $81. The shares have been rated Buy. The rating by the firm was issued on May 5, 2016.

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.

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