Liberty Media Corporation (LMCA) : Traders are getting increasingly bearish on Liberty Media Corporation (LMCA), as can be seen in the addition of short positions from 1,100,812 on Jul 29, 2016, to 1,406,868 on August 15, 2016. The net change in shorts is 306,056 shares, an increase of 27.8%. 5 days remain before the expiry. The 5.7% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 260,723. The short interest information was released on Wednesday Aug 24th after the market close.
Liberty Media Corporation (NASDAQ:LMCA): The stock opened at $21.74 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.88 for the day. The stock traded down to $21.44 during the day, due to lack of any buying support eventually closed down at $21.51 with a loss of -1.38% for the day. The stock had closed at $21.81 on the previous day. The total traded volume was 163,814 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer 10% owner (Chairman of the Board of Liberty Media Corp, Malone John C had sold 121,100 shares worth of $4,002,355 in a transaction dated August 17, 2016. In this transaction, 121,100 shares were sold at $33.05 per share.
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Companys businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc., and its equity affiliate Live Nation Entertainment, Inc. SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems. Atlanta National League Baseball Club, Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs. Live Nation Entertainment, Inc. (Live Nation) has four business segments: Concerts, Ticketing, Artist Nation and Sponsorship & Advertising.