Large Inflow of Money Detected in AMC Networks

AMC Networks (AMCX) : Thursdays money flow indicated an uptick to downtick ratio was at 2.21. The total value of inflow transactions on upticks was $0.31 million, whereas, the total value of outflow trades on downticks was $0.14 million. The total money flow was $0.17 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.1 million. The total value of the trades done on upticks was $0.1 million. AMC Networks (AMCX) was trading with a -0.05% change over previous days close. It fell $0.03 during the day and reached $58.69. The stock was -1.11% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.6% and the 50-Day Moving Average is 4.89%. Shares have dropped -31.13% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $87.18 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $60.53 and the 200 Day Moving Average price is recorded at $65.96.

AMC Networks (NASDAQ:AMCX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.00 and $58.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.07, notching a gain of 0.60% for the day. The total traded volume was 746,683 . The stock had closed at $58.72 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Gallagher James, officer (EVP and General Counsel) of Amc Networks Inc., had unloaded 1,000 shares at an average price of $77.49 in a transaction dated on May 22, 2015. The total value of the transaction was worth $77,490.

AMC Networks Inc. is a holding company, which conducts all of its operations through its majority-owned or controlled subsidiaries. The Company owns and operates various cable television brands. The Company manages its business through two segments: National Networks, which includes five programming networks: AMC, WE tv, BBC AMERICA, IFC, and SundanceTV , which are available to its distributors in high-definition and/or standard-definition formats, and, International and Other, which principally includes AMC Networks International, the Companys international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Companys independent film distribution business; AMC Networks International – DMC (formerly Chello DMC), the broadcast solutions unit of certain networks of AMC Networks International and third party networks; and various developing on-line content distribution initiatives.

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