Discovery Communications (NASDAQ:DISCK) has been under a strong bear grip, hence the stock is down -4.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.01% in the past 1 week. The stock has risen by 2.3% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.25% in the past 4 weeks.
The company shares have dropped -22.31% 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 $25.10 and the 200 Day Moving Average price is recorded at $26.06.
The stock has recorded a 20-day Moving Average of 0.54% and the 50-Day Moving Average is 5.19%.
Discovery Communications (NASDAQ:DISCK): stock turned positive on Friday. Though the stock opened at $24.4, the bulls momentum made the stock top out at $24.625 level for the day. The stock recorded a low of $24.29 and closed the trading day at $24.44, in the green by 0.87%. The total traded volume for the day was 1,878,276. The stock had closed at $24.23 in the previous days trading.
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).