Large Outflow of Money Witnessed in Discovery Communications

Discovery Communications (DISCA) : The total negative money flow of $8.07 million on Tuesday indicates selling on strength. The inflow of money on upticks was $9.31 million, compared to $17.37 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.54. The negative money flow of $6.89 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.87 million in a block trade.The transaction value of block trade on downtick was $8.76 million. The uptick to downtick ratio was 0.21. The price action in the Discovery Communications (DISCA) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $25.54 with a gain of $0.29 , a change of 1.15% over the previous days close. The stock registered -0.31% for the week.


The company Insiders own 5.78% of Discovery Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.54% . Institutional Investors own 39.13% of Discovery Communications shares. During last six month period, the net percent change held by insiders has seen a change of -2.57%. In an insider trading activity, The Securities and Exchange Commission has divulged that Malone John C, director 10% owner of Discovery Communications, Inc., had unloaded 183,637 shares at an average price of $28.04 in a transaction dated on May 10, 2016. The total value of the transaction was worth $5,149,181.

Shares of Discovery Communications, Inc. appreciated by 3.11% during the last five trading days but lost 2.33% on a 4-week basis. Discovery Communications, Inc. has dropped 10.01% during the last 3-month period . Year-to-Date the stock performance stands at -4.27%.

Discovery Communications (NASDAQ:DISCA): stock turned positive on Tuesday. Though the stock opened at $25.48, the bulls momentum made the stock top out at $25.62 level for the day. The stock recorded a low of $25.36 and closed the trading day at $25.54, in the green by 1.15%. The total traded volume for the day was 3,977,118. The stock had closed at $25.25 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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