Time Warner (TWX) : On Wednesday, The money flowed into the Time Warner (TWX) stock with an uptick to downtick ratio was recorded at 1.4. Transactions worth $34.54 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $24.66 million. The total money flow into the stock was $9.88 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $11.98 million of block transactions on upticks. The total money flow in block trades was $11.98 million. In terms of price action, Time Warner (TWX) traded down $0.21 during the session at $77.87. Compared to the previous days closing, the stock was down only by -0.27%. For the week, the stock is -0.98%, over previous weeks closing.
Also, Brokerage firm Goldman Sachs maintains its rating on Time Warner (NYSE:TWX). As per the latest information, the brokerage house raises the price target to $87 per share from a prior target of $81. The shares have been rated Buy. The rating by the firm was issued on May 5, 2016.
Time Warner (NYSE:TWX): The stock opened at $78.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $78.40 for the day. The stock traded down to $77.72 during the day, due to lack of any buying support eventually closed down at $77.86 with a loss of -0.28% for the day. The stock had closed at $78.08 on the previous day. The total traded volume was 2,295,263 shares.
The stock has recorded a 20-day Moving Average of 4% and the 50-Day Moving Average is 4.97%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Time Warner Inc., Novack Kenneth J had sold 8,400 shares worth of $626,724 in a transaction dated June 9, 2016. In this transaction, 8,400 shares were sold at $74.61 per share.
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.