Shares of Discovery Communications (DISCA) Sees Large Outflow of Money

Discovery Communications (DISCA) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (5.03 million) in Discovery Communications (DISCA). On Wednesday, The value of composite uptick trades was $5.78 million, whereas, the value of composite downtick trades was $10.8 million and the ratio between the two was 0.53, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.27 million. $0.5 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.22. The negative money flow of ($1.77 million) shows selling on strength. Discovery Communications (DISCA) gained $0.23 intraday at $25.4 and registrered 0.89% for the week.


Also, In a research note released to the investors, UBS downgrades its rating on Discovery Communications (NASDAQ:DISCA).The analysts at the brokerage house have a current rating of Sell on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, UBS lowers the new price target from $30 per share to $24 per share. The rating by the firm was issued on July 15, 2016.

Discovery Communications (NASDAQ:DISCA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.19 and $25.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.31, notching a gain of 0.56% for the day. The total traded volume was 2,393,090 . The stock had closed at $25.17 on the previous day.

The stock has recorded a 20-day Moving Average of 0.54% and the 50-Day Moving Average is 4.09%. 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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