Discovery Communications, Inc. (DISCA - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.28 to $19.46 in the past one-month time frame.
The move came after the company had increased its joint venture stake with Oprah Winfrey.
The company has seen three negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the said time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Discovery Communications currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.
A better-ranked stock in the Broadcast Radio and Television industry is Cumulus Media Inc. (CMLSQ), which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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