Time Warner (TWX) : Traders are bullish on Time Warner (TWX) as it has outperformed the S&P 500 by a wide margin of 2.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.31% in the last 1 week, and is up 3.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Time Warner Inc. is up 11.6% in the last 3-month period. Year-to-Date the stock performance stands at 26.39%. The stock has recorded a 20-day Moving Average of 2.46% and the 50-Day Moving Average is 5.87%.
Time Warner (NYSE:TWX): The stock opened at $80.57 on Friday but the bulls could not build on the opening and the stock topped out at $80.98 for the day. The stock traded down to $80.47 during the day, due to lack of any buying support eventually closed down at $80.80 with a loss of -0.04% for the day. The stock had closed at $80.83 on the previous day. The total traded volume was 2,604,228 shares.
Also, Major Brokerage house, UBS maintains its ratings on Time Warner (NYSE:TWX). In the latest research report, UBS raises the target price from $87 per share to $90 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 4, 2016.
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.