Liberty Media Corporation (LMCA) Shares are Up 0.59%

Liberty Media Corporation (LMCA) : Traders are bullish on Liberty Media Corporation (LMCA) as it has outperformed the S&P 500 by a wide margin of 3.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.63%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.59% in the last 1 week, and is up 3.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The Liberty Media Group is up 15.36% in the last 3-month period. Year-to-Date the stock performance stands at -20.15%. The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 8.54%.


Liberty Media Corporation (NASDAQ:LMCA): The stock opened at $22.00 on Friday but the bulls could not build on the opening and the stock topped out at $22.07 for the day. The stock traded down to $21.86 during the day, due to lack of any buying support eventually closed down at $22.01 with a loss of -0.14% for the day. The stock had closed at $22.04 on the previous day. The total traded volume was 140,390 shares.

Also, Brokerage firm Deutsche Bank downgrades its rating on Liberty Media Corporation (NASDAQ:LMCA). As per the latest information, the brokerage house lowers the price target to $23 per share from a prior target of $44. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016.

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Companys businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc., and its equity affiliate Live Nation Entertainment, Inc. SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems. Atlanta National League Baseball Club, Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs. Live Nation Entertainment, Inc. (Live Nation) has four business segments: Concerts, Ticketing, Artist Nation and Sponsorship & Advertising.

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