Discovery Communications, Inc.DISCA was a big mover last session, as the company saw its shares rise nearly 7% on the day. The upside was driven by the company's announcement of better-than-expected earnings for the second-quarter 2016. This led to 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 $24.77 to $25.70 in the past one-month time frame.
The company has seen one negative revision in the past one month, while its Zacks Consensus Estimate remained unchanged over the same 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 carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is The E. W. Scripps Company SSP sporting a Zacks Rank #1 (Strong Buy).
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