Time (TIME) has risen sharply, recording gains of 1.83% in the past 4 weeks. However, the stock has corrected -3.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.75% and the 50-Day Moving Average is 1.94%.The 200 Day SMA reached 3.65%
Time (NYSE:TIME): After opening at $14.46, the stock dipped to an intraday low of $14.3928 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.56 and the buying power remained strong till the end. The stock closed at $14.48 for the day, a gain of 0.70% for the day session. The total traded volume was 636,389. The stocks close on the previous trading day was $14.48.
Time (TIME) : The highest level Time (TIME) is projected to reach is $20 for the short term and the lowest estimate is at $15. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $17.33 and the possibility the share price can swing is $2.52.
Time Inc. is a media company. The Companys brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as approximately 50 titles in the United Kingdom, such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises, including the Fortune 500, Time 100, Peoples Sexiest Man Alive, Sports Illustrateds Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for the Company and third-party customers, including other magazine publishers.