Large Inflow of Money Detected in DISH Network Corporation

DISH Network Corporation (DISH) : Tuesdays money flow data in DISH Network Corporation (DISH) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $17.61 million, whereas, $14.17 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.24, in favor of the bulls. The total money flow into the stock was $3.44 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $5.43 million. The total value of block trades done on upticks was $5.43 million. DISH Network Corporation (DISH) fell $0.09 and traded at $49.77, down -0.18% for the day, over previous days close. On a weekly basis, the shares are 1.9% over the previous weeks close.


Also, Brokerage firm Macquarie upgrades its rating on DISH Network Corporation (NASDAQ:DISH). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 9, 2016.

Dish Network Corp. has lost 0.3% in the last five trading days and dropped 6.82% in the last 4 weeks. Dish Network Corp. has dropped 1.77% during the last 3-month period . Year-to-Date the stock performance stands at -12.85%.

DISH Network Corporation (NASDAQ:DISH): The stock opened at $50.02 on Tuesday but the bulls could not build on the opening and the stock topped out at $50.23 for the day. The stock traded down to $49.11 during the day, due to lack of any buying support eventually closed down at $49.83 with a loss of -0.06% for the day. The stock had closed at $49.86 on the previous day. The total traded volume was 2,399,417 shares.

In a related news, The officer (EVP, Operations), of Dish Network Corp, Swieringa John had unloaded 3,000 shares at $51.01 per share in a transaction on August 12, 2016. The total value of transaction was $153,030. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand, with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks, local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels, movie channels, and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV, a live, linear streaming over-the-top (OTT) service, including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses, AWS-4 Licenses and H Block Licenses.

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