Central European Media Enterprises Ltd. (CETV) has risen sharply, recording gains of 7.73% in the past 4 weeks. However, the stock has corrected -2.07% 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 7.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Central European Media Enterprises Ltd. is up 0.85% in the last 3-month period. Year-to-Date the stock performance stands at -11.9%. The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 4.97%.
Central European Media Enterprises Ltd. (NASDAQ:CETV): The stock opened at $2.38 on Friday but the bulls could not build on the opening and the stock topped out at $2.41 for the day. The stock traded down to $2.34 during the day, due to lack of any buying support eventually closed down at $2.37 with a loss of -0.42% for the day. The stock had closed at $2.38 on the previous day. The total traded volume was 121,637 shares.
Central European Media Enterprises Ltd. is a media and entertainment company. The Company manages its business in six operating segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It broadcasts around 33 television channels, which include BTV CINEMA, BTV COMEDY, RING.BG, NOVA WORLD and MINI TV, ACASA, PRO CINEMA, SPORT.RO, MTV ROMANIA, PRO TV INTERNATIONAL, PRO TV CHISINAU and BTV LADY, among others. Its programs consist of news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming. Its entertainment television channels in each country are distributed on a free-to-air basis terrestrially in analog, digital or both, depending on the digitalization status in each country, and are also distributed via cable and satellite. It offers viewers the choice of watching television content through a series of portals, including through Voyo and catch-up services on its Websites.