Large Inflow of Money Detected in Scripps Networks Interactive Inc

Scripps Networks Interactive Inc (SNI) : On Tuesday, The money flowed into the Scripps Networks Interactive Inc (SNI) stock with an uptick to downtick ratio was recorded at 2.64. Transactions worth $11.47 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $4.34 million. The total money flow into the stock was $7.12 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $7.65 million of block transactions on upticks. The total money flow in block trades was $7.65 million. In terms of price action, Scripps Networks Interactive Inc (SNI) traded down $0.27 during the session at $63.32. Compared to the previous days closing, the stock was down only by -0.42%. For the week, the stock is -0.08%, over previous weeks closing.


Also, Equity Analysts at the Evercore ISI Group downgrades the rating on Scripps Networks Interactive Inc (NYSE:SNI). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 11, 2016.

Scripps Networks Interactive, Inc. has lost 1.75% in the last five trading days and dropped 3.77% in the last 4 weeks. Scripps Networks Interactive, Inc. has dropped 1.86% during the last 3-month period . Year-to-Date the stock performance stands at 15.19%.

Scripps Networks Interactive Inc (NYSE:SNI): The stock opened at $63.58 on Tuesday but the bulls could not build on the opening and the stock topped out at $63.97 for the day. The stock traded down to $63.06 during the day, due to lack of any buying support eventually closed down at $63.32 with a loss of -0.42% for the day. The stock had closed at $63.59 on the previous day. The total traded volume was 496,414 shares.

In a related news, The officer (EVP, Global Operations & CTO), of Scripps Networks Interactive, Inc., Hale Mark S had unloaded 8,118 shares at $64.65 per share in a transaction on May 13, 2016. The total value of transaction was $524,829. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Scripps Networks Interactive, Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks, HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. HGTV focuses on decorating, interior design, home remodeling, landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience, music performance specials, live concerts and country music videos.

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