Discovery Communications, Inc (DISCB) jumps over 150%
What’s up with Discovery Communications, Inc?
Discovery Communications, Inc (DISCB) opened at $36.90, which means the stock is up 157.24% from yesterday’s closing price of 34.32. Today, the company has a high of $103.00 and a low of $36.90. The company has a market cap of $10.25 billion with a 52-week high of $103.00 and a 52-week low of $24.80.
What about the future for Discovery Communications, Inc
The high forecast for Discovery Communications, Inc is $200.00 while the low is 50.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Discovery Communications, Inc has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information DISCB seems to be a risky buy.
About Discovery Communications, Inc
Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, Education and Other, and Corporate and Inter-segment Eliminations. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.