Home / Market Movers / Services Sector Gets a Lift from 4.28% Morning Gain for Discovery Communications Inc. Series A Common Stock (DISCA) on September 22

Services Sector Gets a Lift from 4.28% Morning Gain for Discovery Communications Inc. Series A Common Stock (DISCA) on September 22

Discovery Communications Inc. Series A Common Stock (DISCA) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of DISCA have tacked on 4.28% to $25.58 after closing the day prior at $24.53. In the first two and a half hours of trading, the stock has gone as high as $25.59 and as low as $24.46. Today’s rise has come with about 2.76 million shares changing hands, compared to an average 30-day volume of 2.89 million for Discovery Communications Inc. Series A Common Stock. The price is currently below the 30-day volume weighted average price of $25.24 for DISCA.

The share appreciation gives the company a market capitalization of $9.71 billion based upon 395.94 million shares outstanding. It also means that DISCA has a price-to-book ratio of 1.82:1.

In the past 52 weeks, shares of DISCA have traded as low as $23.66 and as high as $31.8. Technical traders will take note that at $25.58, shares of DISCA are trading below their 200-day MA at $26.65 and below their 50-day MA at $25.6. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is DISCA?

Discovery Communications Inc is a media and entertainment company. It provides programming across multiple distribution platforms . The Company also provides educational products and services to schools & operates digital media services. The company’s 7000 employees are led by CEO David M. Zaslav from the corporate headquarters at One Discovery Place in Silver Spring, MD.


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