AMC Networks (AMCX) Shares are Down -1.7%

AMC Networks (AMCX) : During the past 4 weeks, traders have been relatively bearish on AMC Networks (AMCX), hence the stock is down -7.16% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.22% relative to the S&P 500. The 4-week change in the price of the stock is -9.04% and the stock has fallen -1.7% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.41% and the 50-Day Moving Average is 7.96%.The 200 Day SMA reached 21.23% AMC Networks Inc. has dropped 14.47% during the last 3-month period . Year-to-Date the stock performance stands at -31.86%.


AMC Networks (AMCX) stock is expected to deviate a maximum of $11.24 from the average target price of $69.6 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $89 and the most muted being $57.

For the current week, the company shares have a recommendation consensus of Buy. AMC Networks (NASDAQ:AMCX): The stock opened at $50.47 and touched an intraday high of $51.24 on Friday. During the day, the stock corrected to an intraday low of $50.2504, however, the bulls stepped in and pushed the price higher to close in the green at $50.89 with a gain of 0.71% for the day. The total traded volume for the day was 1,516,669. The stock had closed at $50.89 in the previous trading session.

AMC Networks Inc. is a holding company, which conducts all of its operations through its majority-owned or controlled subsidiaries. The Company owns and operates various cable television brands. The Company manages its business through two segments: National Networks, which includes five programming networks: AMC, WE tv, BBC AMERICA, IFC, and SundanceTV , which are available to its distributors in high-definition and/or standard-definition formats, and, International and Other, which principally includes AMC Networks International, the Companys international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Companys independent film distribution business; AMC Networks International – DMC (formerly Chello DMC), the broadcast solutions unit of certain networks of AMC Networks International and third party networks; and various developing on-line content distribution initiatives.

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