Discovery Communications, Inc. (NASDAQ:DISCB) Sees Unusual Trading Volume in Its Shares


The company's average Piotroski F-Score: 6 during the last 7 years. Adverse foreign currency movements are also hurting the company. The 7 months bearish chart indicates high risk for the $7.09B company. On materialization, the deal is expected to broaden Discovery's product portfolio, substantially. In the most recent session, the stock price hovered around $0.65 (3.26%) between intraday high and intraday low. The percentage of shares being held by the company management was 43.94% while institutional stake was 56.31%. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Discovery Communications is in oversold territory based on Relative Strength Index reading (25). Pivotal Research raised Discovery Communications from a "hold" rating to a "buy" rating and set a $28.00 price objective on the stock in a research report on Tuesday, August 8th. The company now has a consensus rating of "Hold" and an average price target of $27.07. Cullen Frost Bankers Inc acquired 342,210 shares as Kroger Co Com (KR)'s stock declined 14.05%. Volume has increased in Wednesday's trading session by 0.73 million shares, but on a weak note. The stock's 50-day moving average is $27.66 and its 200-day moving average is $28.22. The company reported revenue of $1.81 Billion in the same period previous year. According to these analysts, the Low Revenue Estimate for Discovery Communications, 1.62 Billion and the High Revenue Estimate is 1.67 Billion.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.09. The value of the company's investment in Discovery Communications, Inc. went from $8,000 to $2,000 a change of 75.0% quarter over quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The 1 year EPS growth rate is 24.20%.

Discovery Communications, Inc. (NASDAQ:DISCA) ended its day at $20.00 with the rising stream of -2.58% and its total traded volume was 3.97 million shares less than the average volume.

COPYRIGHT VIOLATION WARNING: This report was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another publication, it was illegally copied and republished in violation of global copyright & trademark law. The legal version of this news story can be viewed at (NASDAQ:DISCA) for 23,069 shares. It also upped Intel Corp (NASDAQ:INTC) stake by 25,531 shares and now owns 431,755 shares. Following the completion of the acquisition, the chief financial officer now directly owns 20,000 shares of the company's stock, valued at approximately $460,200. The disclosure for this purchase can be found here. Insiders own 6.81% of the company's stock.

Large investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC grew its holdings in Discovery Communications by 5.2% during the 2nd quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Discovery Communications, Inc. (DISCA) lies in the middle of a wide and falling trend in the short term and pointed towards extra losses. Vanguard Group Inc. now owns 16,661,316 shares of the company's stock valued at $430,362,000 after purchasing an additional 858,015 shares during the period. BlackRock Inc. now owns 9,533,783 shares of the company's stock valued at $246,259,000 after purchasing an additional 187,781 shares during the period. Toronto Dominion Bank increased its holdings in shares of Discovery Communications by 26.5% in the second quarter. Investors measure stock performance on the basis of a company's earnings power.

Tealwood Asset Inc has 0.61% invested in Discovery Communications Inc. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements.