Scripps Networks Interactive Inc (SNI) has been under a strong bear grip, hence the stock is down -4.03% 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 1.85% in the past 1 week. The stock has risen by 1.82% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.66% in the past 4 weeks.
Scripps Networks Interactive, Inc. is up 3.75% in the last 3-month period. Year-to-Date the stock performance stands at 17.19%. The stock has recorded a 20-day Moving Average of 1.28% and the 50-Day Moving Average is 0.04%.
Scripps Networks Interactive Inc (NYSE:SNI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.31 and $63.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.42, notching a gain of 0.08% for the day. The total traded volume was 812,469 . The stock had closed at $64.37 on the previous day.
Also, Major Brokerage house, Evercore ISI Group downgrades its ratings on Scripps Networks Interactive Inc (NYSE:SNI). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 11, 2016.
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.