Shares of Time Warner (NYSE:TWX) Sees Large Outflow of Money

Time Warner (NYSE:TWX) : Money flow in the Time Warner (NYSE:TWX) stock was negative (3.75 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $28.26 million, compared to $32.01 million on downticks. The total uptick to downtick ratio was 0.88, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.23 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.51 million. Downtick transaction value in block trades amounted to $9.73 million, indicating persistent selling. The uptick to downtick ratio was 0.26. Time Warner (NYSE:TWX) traded $1.46 higher at $71.61 gaining 2.08% over the previous days close.


In an insider trading activity,The director of Time Warner Inc., Novack Kenneth J sold 8,400 shares at $74.61 on June 9, 2016. The Insider selling transaction had a total value worth of $626,724. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. 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 -44.15% . Institutional Investors own 83.32% of Time Warner shares. During last six month period, the net percent change held by insiders has seen a change of -40.78%.

The company shares have dropped -20.56% 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 $73.42 and the 200 Day Moving Average price is recorded at $70.79. Time Warner (NYSE:TWX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.60 and $70.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.69, notching a gain of 2.20% for the day. The total traded volume was 4,376,816 . The stock had closed at $70.15 on the previous day.

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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