Meredith Corporation (MDP) has been under a strong bear grip, hence the stock is down -2.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.46% in the past 1 week. The stock has risen by 3.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.28% in the past 4 weeks.
Meredith Corporation is up 13.66% in the last 3-month period. Year-to-Date the stock performance stands at 30.41%. The stock has recorded a 20-day Moving Average of 2.03% and the 50-Day Moving Average is 3.58%.
Meredith Corporation (NYSE:MDP): The stock opened at $54.93 on Friday but the bulls could not build on the opening and the stock topped out at $55.64 for the day. The stock traded down to $54.75 during the day, due to lack of any buying support eventually closed down at $55.20 with a loss of -0.14% for the day. The stock had closed at $55.28 on the previous day. The total traded volume was 293,938 shares.
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.