Time Warner Inc. (TWX) Files Form 4 Insider Selling : Kenneth J Novack Sells 8,400 Shares

Time Warner Inc. (TWX): Kenneth J Novack , director of Time Warner Inc. sold 8,400 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $74.61 per share for a total value of $626,724.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, Kenneth J Novack (director) sold 15,706 shares at $75.48 per share price.On Jun 6, 2016, Gary L Ginsberg (Executive Vice President) sold 3,000 shares at $75.79 per share price.Also, On May 10, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 272,710 shares at $74.57 per share price.On May 10, 2016, Stephen F Bollenbach (director) sold 8,038 shares at $74.23 per share price.

Shares of Time Warner Inc (TWX) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -0.60% at $75.01 with 25,09,554 shares getting traded. Post opening the session at $75.18, the shares hit an intraday low of $74.56 and an intraday high of $75.18 and the price vacillated in this range throughout the day. The company has a market cap of $58,987 M and the number of outstanding shares has been calculated to be 78,63,94,320 shares. The 52-week high of Time Warner Inc is $91.34 and the 52-week low is $55.53.

Time Warner Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Time Warner Inc is Downgraded by Pacific Crest to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 2, 2016.Time Warner Inc is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $78 .The Rating was issued on Apr 28, 2016.Time Warner Inc is Reiterated by Telsey Advisory Group to Outperform and the brokerage firm has raised the Price Target to $ 91 from a previous price target of $89 .The Rating was issued on Apr 26, 2016.Time Warner Inc is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $92. The Rating was issued on Apr 8, 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 Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

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