Central European Media Enterprises Ltd. (NASDAQ:CETV) has been under a strong bear grip, hence the stock is down -9.26% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.15% in the past 1 week. The stock has risen by 1.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.79% in the past 4 weeks.
The company shares have rallied 4.41% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $2.96 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $2.29 and the 200 Day Moving Average price is recorded at $2.46.
The stock has recorded a 20-day Moving Average of 3.53% and the 50-Day Moving Average is 10.31%.
Central European Media Enterprises Ltd. (NASDAQ:CETV): On Fridays trading session , Opening price of the stock was $2.17 with an intraday high of $2.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.1. However, the stock managed to close at $2.13, a loss of 0.47% for the day. On the previous day, the stock had closed at $2.14. The total traded volume of the day was 740,264 shares.
In an insider trading activity,The officer (EVP, General Counsel) of Central European Media Enterprises Ltd, Penn Daniel sold 10,925 shares at $2.27 on June 13, 2016. The Insider selling transaction had a total value worth of $24,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Central European Media Enterprises Ltd. is a media and entertainment company. The Company manages its business in six operating segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It broadcasts around 33 television channels, which include BTV CINEMA, BTV COMEDY, RING.BG, NOVA WORLD and MINI TV, ACASA, PRO CINEMA, SPORT.RO, MTV ROMANIA, PRO TV INTERNATIONAL, PRO TV CHISINAU and BTV LADY, among others. Its programs consist of news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming. Its entertainment television channels in each country are distributed on a free-to-air basis terrestrially in analog, digital or both, depending on the digitalization status in each country, and are also distributed via cable and satellite. It offers viewers the choice of watching television content through a series of portals, including through Voyo and catch-up services on its Websites.