Discovery Communications (DISCA) Shares are Up 1.8%

Discovery Communications (DISCA) has been under a strong bear grip, hence the stock is down -2.31% 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 1.17% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.8% in the last 1 week, and is up 4.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Discovery Communications (NASDAQ:DISCA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.27 and $25.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.51, notching a gain of 0.43% for the day. The total traded volume was 1,319,454 . The stock had closed at $25.40 on the previous day.


The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 2.83%. Discovery Communications, Inc. has dropped 11.42% during the last 3-month period . Year-to-Date the stock performance stands at -4.39%.

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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.