Large Outflow of Money Witnessed in Scripps Networks Interactive Inc

Scripps Networks Interactive Inc (SNI) : Money flow in the Scripps Networks Interactive Inc (SNI) stock was negative (1.94 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.58 million, compared to $7.52 million on downticks. The total uptick to downtick ratio was 0.74, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.29 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.29 million, indicating persistent selling. Scripps Networks Interactive Inc (SNI) traded $0.27 higher at $62.27 gaining 0.44% over the previous days close.

Scripps

Shares of Scripps Networks Interactive, Inc. appreciated by 4.7% during the last five trading days but lost 1.51% on a 4-week basis. Scripps Networks Interactive, Inc. is up 2.72% in the last 3-month period. Year-to-Date the stock performance stands at 13.93%.

Scripps Networks Interactive Inc (SNI) : The consensus on Scripps Networks Interactive Inc (SNI) based on 14 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Scripps Networks Interactive Inc (NYSE:SNI): The stock opened at $62.13 and touched an intraday high of $62.72 on Wednesday. During the day, the stock corrected to an intraday low of $61.76, however, the bulls stepped in and pushed the price higher to close in the green at $62.63 with a gain of 1.02% for the day. The total traded volume for the day was 952,372. The stock had closed at $62 in the previous trading session.

Scripps Networks Interactive, Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks, HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. HGTV focuses on decorating, interior design, home remodeling, landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience, music performance specials, live concerts and country music videos.

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