Discovery, Inc. DISCA was a big mover last session, as the company saw its shares rise nearly 8% 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 $25.89 to $29.55 in the past one-month time frame.
The upside was driven by rumors of a partnership deal.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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 currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Discovery Communications, Inc. Price
Discovery Communications, Inc. Price | Discovery Communications, Inc. Quote
A better-ranked stock in the Broadcast Radio and Television industry is Townsquare Media, Inc. TSQ, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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