Large Outflow of Money Witnessed in Cablevision Systems Corporation

Shares of Cablevision Systems Corporation (NYSE:CVC) advanced to $34.88. The price had gained 0.03% or 0.01 points intraday. The latest trading session witnessed $3.05 million in upticks and $9.13 million in downticks, resulting in net money flow of (-6.09) million. The up/down ratio for the day stood at 0.33. On a weekly scale, the price has seen a change of 0.58%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-5.07) million occurred during the day. $0 million in uptick and $5.07 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.

Shares of Cablevision Systems Corporation rose by 0.58% in the last five trading days and 0.98% for the last 4 weeks. Cablevision Systems Corporation is up 6.37% in the last 3-month period. Year-to-Date the stock performance stands at 9.34%.

Currently the company Insiders own 24.9% of Cablevision Systems Corporation shares according to the proxy statements. Institutional Investors own 63.73% of Cablevision Systems Corporation shares. . On the companys insider trading activities,The director of Cablevision Systems Corp /Ny, Tow Leonard sold 1,403 shares at $34.53 on May 11, 2016. The Insider selling transaction had a total value worth of $48,446. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cablevision Systems Corporation (NYSE:CVC) rose 0.03% or 0.01 points on Friday and made its way into the gainers of the day. After trading began at $34.87 the stock was seen hitting $34.91 as a peak level and $34.87 as the lowest level. The stock ended up at $34.88. The daily volume was measured at 7,585,870 shares. The 52-week high of the share price is $34.91 and the 52-week low is $21.37. The company has a market cap of $9,638 million.

Cablevision Systems Corporation (Cablevision) through its subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries operates cable operations business in the United States. The Company operates in three reportable segments: Cable, consisting of its video, high-speed data, and Voice over Internet Protocol (VoIP) operations; Lightpath, which provides Ethernet-based data, Internet, voice and video transport and managed services to the business market in the New York metropolitan area, and Other, consisting principally of the operations of Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online Websites, such as the News 12 Networks, which provide regional news programming services, Cablevision Media Sales Corporation (Cablevision Media Sales), a cable television advertising company, and certain other businesses and unallocated corporate costs.

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