Liberty Media Corporation (LMCA) : Traders are bullish on Liberty Media Corporation (LMCA) as it has outperformed the S&P 500 by a wide margin of 28.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 21.21%, 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 21.86% in the last 1 week, and is up 25.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 22.01% and the 50-Day Moving Average is 27.01%.The 200 Day SMA reached 20.38% The Liberty Media Group is up 50.76% in the last 3-month period. Year-to-Date the stock performance stands at 0.53%.
Liberty Media Corporation (LMCA) : The consensus price target for Liberty Media Corporation (LMCA) is $34.94 for the short term with a standard deviation of $13.85. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $19.
For the current week, the company shares have a recommendation consensus of Buy. Liberty Media Corporation (NASDAQ:LMCA): The stock opened at $27.54 and touched an intraday high of $27.82 on Friday. During the day, the stock corrected to an intraday low of $27.23, however, the bulls stepped in and pushed the price higher to close in the green at $27.71 with a gain of 0.62% for the day. The total traded volume for the day was 1,092,809. The stock had closed at $27.71 in the previous trading session.
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.