Large Outflow of Money Witnessed in DISH Network Corporation

DISH Network Corporation (DISH) : The total money flow in DISH Network Corporation (DISH) was negative ($1.36 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $7.73 million. Transactions on upticks were comparatively lower at $6.38 million. The uptick to downtick ratio was 0.82. The total block trades on downticks were valued at $1.69 million. The money flow during block trades was negative ($1.69 million) when the stock traded with a gain of $10 cent. DISH Network Corporation (DISH) was $53.81, an increase of 0.19% over the previous days close.


DISH Network Corporation (DISH) : 13 Wall Street analysts covering DISH Network Corporation (DISH) believe that the average level the stock could reach for the short term is $63.08. The maximum price target given is $92 and the minimum target for short term is around $40, hence the standard deviation is calculated at $17.16.

DISH Network Corporation (NASDAQ:DISH): On Fridays trading session , Opening price of the stock was $53.22 with an intraday high of $54.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.97. However, the stock managed to close at $53.48, a loss of 0.43% for the day. On the previous day, the stock had closed at $53.71. The total traded volume of the day was 2,442,469 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Chief Accounting Officer) of Dish Network Corp, Orban Paul W had sold 094 shares worth of $4,909 in a transaction dated July 1, 2016. In this transaction, 094 shares were sold at $52.22 per share.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand, with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks, local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels, movie channels, and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV, a live, linear streaming over-the-top (OTT) service, including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses, AWS-4 Licenses and H Block Licenses.

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