AMC Networks (AMCX) has been under a strong bear grip, hence the stock is down -4.19% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.33% in the past 1 week. The stock has risen by 1.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.2% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.23% and the 50-Day Moving Average is 5.58%. AMC Networks (NASDAQ:AMCX): stock turned positive on Friday. Though the stock opened at $53.66, the bulls momentum made the stock top out at $54.81 level for the day. The stock recorded a low of $53.66 and closed the trading day at $54.78, in the green by 1.61%. The total traded volume for the day was 635,463. The stock had closed at $53.91 in the previous days trading.
The company Insiders own 16.19% of AMC Networks shares according to the proxy statements. Institutional Investors own 83.23% of AMC Networks shares. Also, Loop Capital initiates coverage on AMC Networks (NASDAQ:AMCX).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on August 9, 2016.
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.