Shares of Scripps Networks Interactive Inc (NYSE:SNI) Sees Large Inflow of Net Money Flow

Scripps Networks Interactive Inc (NYSE:SNI) dropped slightly amid mild profit booking and the last known price was $63.96 per share. The price decreased by -0.9 points or -1.39% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $6.85 million. The total upticks were valued at $12.95 million and the total downticks aggregated to $6.1 million, thereby putting the up/down ratio at 2.12,. The shares have seen a change in the share price of -2.25% on a weekly basis.In a big block trade which occurred today, the total uptick value was $6.62 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $6.62 million.


Currently the company Insiders own 2.3% of Scripps Networks Interactive Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -31.15% . Institutional Investors own 67.31% of Scripps Networks Interactive Inc shares. During last six month period, the net percent change held by insiders has seen a change of -40.6%. On the companys insider trading activities, The officer (EVP, Global Operations & CTO), of Scripps Networks Interactive, Inc., Hale Mark S had unloaded 8,118 shares at $64.65 per share in a transaction on May 13, 2016. The total value of transaction was $524,829. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Scripps Networks Interactive Inc (NYSE:SNI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.07 points or 1.67% at $62.89 with 659,996 shares getting traded. Post opening the session at $63.85, the shares hit an intraday low of $62.86 and an intraday high of $64.81 and the price was in this range throughout the day. The company has a market cap of $8,110 million and the number of outstanding shares have been calculated to be 128,955,450 shares. The 52-week high of Scripps Networks Interactive Inc (NYSE:SNI) is $68.45 and the 52-week low is $47.62.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup downgrades the rating on Scripps Networks Interactive Inc (NYSE:SNI). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency lowers the price target from $69 per share to $62 per share. The rating by the firm was issued on May 18, 2016.

Scripps Networks Interactive, Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks, HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. HGTV focuses on decorating, interior design, home remodeling, landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience, music performance specials, live concerts and country music videos.

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