DISH Network Corporation (DISH) has risen sharply, recording gains of 1.62% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. DISH Network Corporation (DISH) : During the past 4 weeks, traders have been relatively bearish on DISH Network Corporation (DISH), hence the stock is down -1.69% 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 -0.05% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 3.43%. Dish Network Corp. is up 8.38% in the last 3-month period. Year-to-Date the stock performance stands at -6.58%.
DISH Network Corporation (NASDAQ:DISH): On Fridays trading session , Opening price of the stock was $53.33 with an intraday high of $53.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.73. However, the stock managed to close at $53.42, a loss of 0.09% for the day. On the previous day, the stock had closed at $53.47. The total traded volume of the day was 2,281,771 shares.
Also, Equity Analysts at the Wunderlich downgrades the rating on DISH Network Corporation (NASDAQ:DISH). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 22, 2016.
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand, with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks, local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels, movie channels, and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV, a live, linear streaming over-the-top (OTT) service, including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses, AWS-4 Licenses and H Block Licenses.