Shares of Time Warner (TWX) Sees Large Outflow of Money

Time Warner (TWX) : Money flow in the Time Warner (TWX) stock was negative (9.21 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $30.62 million, compared to $39.84 million on downticks. The total uptick to downtick ratio was 0.77, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($9.93 million), indicating selling on the strength. The transaction value during uptick in block trades was $4.1 million. Downtick transaction value in block trades amounted to $14.02 million, indicating persistent selling. The uptick to downtick ratio was 0.29. Time Warner (TWX) traded $0.3 higher at $79.14 gaining 0.38% over the previous days close.


Also, Equity Analysts at the UBS maintains the rating on Time Warner (NYSE:TWX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $87 per share to $90 per share. The rating by the firm was issued on August 4, 2016.

Time Warner Inc. has dropped 1.72% in the last five trading days, however, the shares have posted positive gains of 3.35% in the last 4 weeks. Time Warner Inc. is up 3.8% in the last 3-month period. Year-to-Date the stock performance stands at 24.06%.

Time Warner (NYSE:TWX): The stock opened at $79.11 on Tuesday but the bulls could not build on the opening and the stock topped out at $79.19 for the day. The stock traded down to $78.53 during the day, due to lack of any buying support eventually closed down at $78.91 with a loss of -0.29% for the day. The stock had closed at $79.14 on the previous day. The total traded volume was 2,296,182 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Time Warner Inc., Novack Kenneth J had sold 8,400 shares worth of $626,724 in a transaction dated June 9, 2016. In this transaction, 8,400 shares were sold at $74.61 per share.

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States, its networks and related properties include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Cartoon Network, Boomerang, CNN and HLN. Outside the United States, Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.