Shares of Discovery Communications (DISCA) Sees Large Outflow of Money

Discovery Communications (DISCA) : The total money flow in Discovery Communications (DISCA) was negative ($2.97 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $14.11 million. In comparison, the inflow of money into the stock on upticks was $11.14 million. The uptick to downtick ratio was 0.79. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $6.87 million. The value of transactions on uptick was $3.98 million. The negative money flow of ($2.89 million) confirms the selling in Discovery Communications (DISCA) on strength. The uptick to downtick ratio of block trades was 0.58. Discovery Communications (DISCA) gained $0.22 at $25.71, a gain of 0.86% over the previous days close. However, the stock registered 0.35% in the week.


The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 3.22%. Shares have dropped -25.76% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $34.94 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $26.20 and the 200 Day Moving Average price is recorded at $26.96.

Discovery Communications (NASDAQ:DISCA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.76 and $25.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.70, notching a gain of 0.82% for the day. The total traded volume was 3,708,077 . The stock had closed at $25.49 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Malone John C, director 10% owner of Discovery Communications, Inc., had unloaded 183,637 shares at an average price of $28.04 in a transaction dated on May 10, 2016. The total value of the transaction was worth $5,149,181.

Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks, consisting of domestic television networks and Websites; International Networks, consisting of international television networks and Websites, and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).

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