Large Outflow of Money Witnessed in Meredith Corporation

Meredith Corporation (NYSE:MDP) During the most recent session, the shares traded at 0.08 points or 0.16% higher at $50.86. The money flow data is unimpressive with the net money flow value of $(-5.43) million. As per the intraday data, the upticks measured $0.16 million and the downticks measured $5.59 million. As a result, the up/down ratio registered a value of 0.03. The shares have seen -0.74% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $5.47 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-5.47) million.

Meredith Corporation has dropped 1.56% in the last five trading days, however, the shares have posted positive gains of 6.06% in the last 4 weeks. Meredith Corporation is up 9.36% in the last 3-month period. Year-to-Date the stock performance stands at 19.17%.

Currently the company Insiders own 11.24% of Meredith Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.22% . Institutional Investors own 79.14% of Meredith Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -12.41%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Meredith Corp, Frazier Meredith D Mell, had purchased 15,628 shares in a transaction dated on June 10, 2016. The transaction was executed at $51.24 per share with total amount equaling $800,779.

Meredith Corporation (NYSE:MDP) witnessed a decline in the market cap on Friday as its shares dropped 0.67% or 0.34 points. After the session commenced at $50.66, the stock reached the higher end at $51.24 while it hit a low of $50.33. With the volume soaring to 404,893 shares, the last trade was called at $50.44. The company has a 52-week high of $53.81. The company has a market cap of $2,247 million and there are 44,554,391 shares in outstanding. The 52-week low of the share price is $35.03.

Meredith Corporation is a media and marketing company. The Company operates two business segments namely local media and national media. Its national media segment includes national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities and business-to-business marketing products and services. The local media segment consists of the operations of network-affiliated television stations, related digital and mobile media, and video creation operations. Local media segment consists of 14 owned television stations and one operated television station located across the United States in digital and mobile media, and a national video creation unit.

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