Discovery Communications (DISCA) Shares are Up 1.44%

Discovery Communications (DISCA) : Traders are bullish on Discovery Communications (DISCA) as it has outperformed the S&P 500 by a wide margin of 4.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.44% in the last 1 week, and is up 4.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Discovery Communications, Inc. is up 2.14% in the last 3-month period. Year-to-Date the stock performance stands at 0.19%. The stock has recorded a 20-day Moving Average of 2.81% and the 50-Day Moving Average is 4.24%.


Discovery Communications (NASDAQ:DISCA): The stock opened at $26.75 on Friday but the bulls could not build on the opening and the stock topped out at $26.86 for the day. The stock traded down to $26.62 during the day, due to lack of any buying support eventually closed down at $26.73 with a loss of -0.41% for the day. The stock had closed at $26.84 on the previous day. The total traded volume was 2,037,214 shares.

Also, Brokerage firm Macquarie upgrades its rating on Discovery Communications (NASDAQ:DISCA). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 3, 2016.

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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