Large Inflow of Money Detected in DISH Network Corporation

DISH Network Corporation (DISH) : Thursdays money flow data in DISH Network Corporation (DISH) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.32 million, whereas, $0.75 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.75, in favor of the bulls. The total money flow into the stock was $0.57 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.71 million. The total value of block trades done on upticks was $0.71 million. DISH Network Corporation (DISH) fell $0.07 and traded at $52.46, down -0.13% for the day, over previous days close. On a weekly basis, the shares are 1.18% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 5.28%. Shares have dropped -24.43% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $69.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $51.84 and the 200 Day Moving Average price is recorded at $49.02.

DISH Network Corporation (NASDAQ:DISH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.65 and $52.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.91, notching a gain of 0.72% for the day. The total traded volume was 809,031 . The stock had closed at $52.53 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Chief Accounting Officer) of Dish Network Corp, Orban Paul W had sold 094 shares worth of $4,909 in a transaction dated July 1, 2016. In this transaction, 094 shares were sold at $52.22 per share.

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.

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.