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Weakness Seen in Discovery Communications (DISCA): Stock Falls 6.6% - Tale of the Tape

Discovery Communications, Inc. ( DISCA ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DISCA, as the stock is now down more than 9.6% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there were two upward revisions. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

DISCA currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the services sector include LIN Media LLC ( LIN ), Sirius XM Holdings Inc. ( SIRI ) and Dish Network Corp. ( DISH ). All these stocks holds a Zacks Rank #2 (Buy).

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DISCOVERY COM-A (DISCA): Free Stock Analysis Report

LIN MEDIA LLC (LIN): Free Stock Analysis Report

SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report

DISH NETWORK CP (DISH): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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