Large Inflow of Money Detected in Discovery Communications

Discovery Communications (DISCK) : Thursdays money flow indicated an uptick to downtick ratio was at 1.33. The total value of inflow transactions on upticks was $4.68 million, whereas, the total value of outflow trades on downticks was $3.5 million. The total money flow was $1.17 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.1 million. The total value of the trades done on upticks was $0.1 million. Discovery Communications (DISCK) was trading with a -0.08% change over previous days close. It fell $0.02 during the day and reached $24.5. The stock was 0.25% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.47% and the 50-Day Moving Average is 3.21%. Shares have dropped -23.96% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $32.78 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $25.07 and the 200 Day Moving Average price is recorded at $26.05.

Discovery Communications (NASDAQ:DISCK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.77 and $24.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.72, notching a gain of 0.82% for the day. The total traded volume was 2,894,017 . The stock had closed at $24.52 on the previous day.

Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks, consisting of domestic television networks and Websites; International Networks, consisting of international television networks and Websites, and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).

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