Discovery Communications (DISCK): Price Target and June Short Interest Disclosure

Discovery Communications (DISCK) : Average target price received by Discovery Communications (DISCK) is $27.33 with an expected standard deviation of $3.06. The most aggressive target on the stock is $30, whereas the most downbeat target is $24. 3 financial analysts are currently covering the stock.

Discovery Communications (DISCK) stated loss of 505,291 shares or 15% in the short interest. The short interest registered from 3,380,612 on June 15,2016 to 2,875,321 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.2%. The stock has been averaging 1,817,169 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Discovery Communications (NASDAQ:DISCK): stock turned positive on Thursday. Though the stock opened at $24.77, the bulls momentum made the stock top out at $24.82 level for the day. The stock recorded a low of $24.48 and closed the trading day at $24.72, in the green by 0.82%. The total traded volume for the day was 2,894,017. The stock had closed at $24.52 in the previous days trading.

Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks, consisting of domestic television networks and Websites; International Networks, consisting of international television networks and Websites, and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).

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