AMC Networks (AMCX) : During the past 4 weeks, traders have been relatively bearish on AMC Networks (AMCX), hence the stock is down -8.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.05% relative to the S&P 500. The 4-week change in the price of the stock is -4.89% and the stock has fallen -4.65% in the past 1 week. The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 8.75%.
AMC Networks (NASDAQ:AMCX): The stock opened at $58.17 on Friday but the bulls could not build on the opening and the stock topped out at $58.20 for the day. The stock traded down to $56.35 during the day, due to lack of any buying support eventually closed down at $56.59 with a loss of -4.20% for the day. The stock had closed at $59.07 on the previous day. The total traded volume was 1,377,075 shares.
The company Insiders own 16.19% of AMC Networks shares according to the proxy statements. Institutional Investors own 86.67% of AMC Networks shares. In a related news,The officer (EVP and General Counsel) of Amc Networks Inc., Gallagher James sold 1,000 shares at $77.49 on May 22, 2015. The Insider selling transaction had a total value worth of $77,490. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
AMC Networks Inc. is a holding company, which conducts all of its operations through its majority-owned or controlled subsidiaries. The Company owns and operates various cable television brands. The Company manages its business through two segments: National Networks, which includes five programming networks: AMC, WE tv, BBC AMERICA, IFC, and SundanceTV , which are available to its distributors in high-definition and/or standard-definition formats, and, International and Other, which principally includes AMC Networks International, the Companys international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Companys independent film distribution business; AMC Networks International – DMC (formerly Chello DMC), the broadcast solutions unit of certain networks of AMC Networks International and third party networks; and various developing on-line content distribution initiatives.