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Discovery (DISCA) Jumps: Stock Rises 6.6%

Discovery, Inc. DISCA was a big mover last session, as the company saw its shares rise nearly 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 $20.95 to $25.50 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of three increases and three decreases over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Discovery currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Discovery Communications, Inc. Price

Discovery Communications, Inc. Price | Discovery Communications, Inc. Quote

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Investors interested in the Broadcast Radio and Television industry may consider Salem Media Group, Inc. SALM, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is DISCA going up? Or down? Predict to see what others think:Up or Down

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