Shares of Scripps Networks Interactive Inc (SNI) Sees Large Outflow of Money

Scripps Networks Interactive Inc (SNI) : Thursdays money flow analysis of Scripps Networks Interactive Inc (SNI) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $14.04 million. In comparison, the inflow of money on upticks was a meager $5.82 million. The dollar value of composite uptick trades minus the downtick trades was negative $8.22 million. The uptick to downtick ratio of 0.41 in the money flow shows weakness. The downtick transaction value was high at $8.03 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($8.03 million). Scripps Networks Interactive Inc (SNI) gained $0.67 at $66.75, a change of 1.01% over the previous days close.


The stock has recorded a 20-day Moving Average of 5.8% and the 50-Day Moving Average is 5%. Shares have dropped -0.89% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $68.44 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $63.33 and the 200 Day Moving Average price is recorded at $61.62.

Scripps Networks Interactive Inc (NYSE:SNI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.46 and $66.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.75, notching a gain of 1.01% for the day. The total traded volume was 655,758 . The stock had closed at $66.08 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hale Mark S, officer (EVP, Global Operations & CTO) of Scripps Networks Interactive, Inc., had unloaded 8,118 shares at an average price of $64.65 in a transaction dated on May 13, 2016. The total value of the transaction was worth $524,829.

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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