The market has been high on DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) stock recently. DISCA gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DISCA Stock Today?
DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) stock is up 1.79% while the S&P 500 has fallen -1.85% as of 2:47 PM on Monday, Jan 4. DISCA has gained $0.54 from the previous closing price of $30.09 on volume of 4,967,416 shares. Over the past year the S&P 500 is up 13.57% while DISCA has fallen -4.16%. DISCA earned $2.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.78.
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More About DISCOVERY COMMUNICATIONS INC. Common Stock
Discovery is the one of the largest global media providers with over 2 billion cumulative subscribers in over 220 countries. Its three traditional networks (Discovery, TLC, and Animal Planet) each reach over 85 million U.S. households and more than 200 million international subscribers. The top two networks (HGTV and Food Network) acquired in the Scripps transaction are available in more than 87 million households in the U.S. The international segment consists of national and pan-regional networks over 294 unique distribution feeds in more than 45 languages.