Large Outflow of Money Witnessed in Discovery Communications

Discovery Communications (DISCA): The stock had negative money flow to the tune of ($0.58 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.49 million, whereas, the outflow of money on downticks was $1.07 million and the ratio between the two was 0.46. The block trade had a negative net money flow of ($0.78 million). On the other hand, downticks amounted to $0.78 million of the traded value, which shows distribution in the stock by traders. Discovery Communications (DISCA) closed with marginal gains of 9 cents to end the day at $25.49, an increase of 0.35% over the previous days close. The stock recorded 1.72% for the week.


Discovery Communications (DISCA) : Average target price received by Discovery Communications (DISCA) is $29.21 with an expected standard deviation of $4.25. The most aggressive target on the stock is $35, whereas the most downbeat target is $23. 14 financial analysts are currently covering the stock.

Discovery Communications (NASDAQ:DISCA): stock turned positive on Friday. Though the stock opened at $25.27, the bulls momentum made the stock top out at $25.61 level for the day. The stock recorded a low of $25.27 and closed the trading day at $25.51, in the green by 0.43%. The total traded volume for the day was 1,319,454. The stock had closed at $25.4 in the previous days trading.

In a related news,The director 10% owner of Discovery Communications, Inc., Malone John C sold 183,637 shares at $28.04 on May 10, 2016. The Insider selling transaction had a total value worth of $5,149,181. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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