Shares of Dreamworks Animation SKG (DWA) Sees Large Outflow of Money

Dreamworks Animation SKG (DWA): The stock had negative money flow to the tune of ($0.3 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.26 million, whereas, the outflow of money on downticks was $0.56 million and the ratio between the two was 0.46. The block trade had a negative net money flow of ($0.1 million). On the other hand, downticks amounted to $0.1 million of the traded value, which shows distribution in the stock by traders. Dreamworks Animation SKG (DWA) closed with marginal gains of 1 cents to end the day at $40.97, an increase of 0.02% over the previous days close. The stock recorded 0% for the week.


Also, Equity Analysts at the Topeka Capital upgrades the rating on Dreamworks Animation SKG (NASDAQ:DWA). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on May 3, 2016.

Dreamworks Animation SKG (NASDAQ:DWA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.95 and $40.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.97, notching a gain of 0.02% for the day. The total traded volume was 733,595 . The stock had closed at $40.96 on the previous day.

The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 1.3%. In a related news, Satterthwaite Dan, officer (Head of Human Resources) of Dreamworks Animation Skg, Inc., unloaded 4,918 shares at an average price of $27.5 on April 19, 2016. The total amount of the transaction was worth $135,245, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

DreamWorks Animation SKG, Inc. (DreamWorks Animation) creates and exploits branded family entertainment, including animated feature films, television series and specials, live entertainment properties and related consumer products. The Company operates in four segments: Feature Films, Television Series and Specials, Consumer Products and New Media. Feature Films segment consists of the development, production and exploitation of feature films in the theatrical television home entertainment and digital markets. Television Series and Specials segment consist of the development production and exploitation of television direct-to-video and other nontheatrical content in the television home entertainment and digital markets. Consumer Products segment consists of the Companys merchandising and licensing activities. New Media segment consists of ATV and related businesses. Operating segments that are not separately reportable are categorized in all other.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.