On a relative basis, the stock has outperformed the S&P 500 by 4.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.87% in the last 1 week, and is up 8.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.19% and the 50-Day Moving Average is 6.32%.
Time Warner (NYSE:TWX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.68 and $78.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.64, notching a gain of 0.06% for the day. The total traded volume was 2,993,146 . The stock had closed at $78.59 on the previous day.
The company Insiders own 0.79% of Time Warner shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -44.15% . Institutional Investors own 83.3% of Time Warner shares. During last six month period, the net percent change held by insiders has seen a change of -40.78%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Time Warner Inc., Novack Kenneth J had sold 8,400 shares worth of $626,724 in a transaction dated June 9, 2016. In this transaction, 8,400 shares were sold at $74.61 per share.
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States, its networks and related properties include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Cartoon Network, Boomerang, CNN and HLN. Outside the United States, Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.