Shares of Discovery Communications (DISCA) Sees Large Outflow of Money

Discovery Communications (DISCA) : The total negative money flow of $5.08 million on Monday indicates selling on strength. The inflow of money on upticks was $3.67 million, compared to $8.75 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.42. The negative money flow of $4.94 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.66 million in a block trade.The transaction value of block trade on downtick was $5.6 million. The uptick to downtick ratio was 0.12. The price action in the Discovery Communications (DISCA) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $26.69 with a gain of $0.34 , a change of 1.27% over the previous days close. The stock registered 1.35% for the week.


Shares of Discovery Communications, Inc. rose by 1.45% in the last five trading days and 6.07% for the last 4 weeks. Discovery Communications, Inc. has dropped 3.45% during the last 3-month period . Year-to-Date the stock performance stands at -0.37%.

Discovery Communications (NASDAQ:DISCA): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.46 and $26.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.58, notching a gain of 0.87% for the day. The total traded volume was 1,813,876 . The stock had closed at $26.35 on the previous day.

In a related news, The director 10% owner, of Discovery Communications, Inc., Malone John C had unloaded 183,637 shares at $28.04 per share in a transaction on May 10, 2016. The total value of transaction was $5,149,181. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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