Discovery Communications (DISCK) Shares Slide -0.97%

Discovery Communications (DISCK) has risen sharply, recording gains of 2.72% in the past 4 weeks. However, the stock has corrected -0.97% in the past 1 week, providing a good buying opportunity on dips. Discovery Communications (DISCK) : During the past 4 weeks, traders have been relatively bearish on Discovery Communications (DISCK), hence the stock is down -0.62% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.9% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 1.72%. Discovery Communications, Inc. has dropped 8.36% during the last 3-month period . Year-to-Date the stock performance stands at -2.7%.


Discovery Communications (NASDAQ:DISCK): On Fridays trading session , Opening price of the stock was $24.59 with an intraday high of $24.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.14. However, the stock managed to close at $24.54, a loss of 0.20% for the day. On the previous day, the stock had closed at $24.59. The total traded volume of the day was 1,527,243 shares.

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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