Time Warner (TWX) has been under a strong bear grip, hence the stock is down -0.99% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.77% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.21% in the last 1 week, and is up 1.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Time Warner (NYSE:TWX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.31 and $77.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.11, notching a gain of 1.58% for the day. The total traded volume was 3,654,987 . The stock had closed at $77.88 on the previous day.
The stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 4.98%. Time Warner Inc. is up 6.22% in the last 3-month period. Year-to-Date the stock performance stands at 23.74%.
Time Warner (TWX) has been rated by 20 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $74. The average forecast of all the analysts is $87.05 and the expected standard deviation is $7.24.
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.