Media Stocks Mixed as Dow Jones Industrial Average Trades Higher

Strategic Insights -

Thursday's trading session saw the Dow Jones Industrial Average (DJIA) trading up 18 points (0.1%) at 16,758 as of 12:55 PM ET. The Media industry was trading up 0.8% versus the S&P 500, which was up 0.1%. Top gainers within the industry included DISH Network (DISH), up 2.5%, Liberty Interactive Corp Class A (LVNTA), up 2.2%, and Comcast (CMCSA), up 1.2%.

Key Takeaways:

  • The Dow Jones Industrial Average (DJIA) was trading up 18 points (0.1%) at 16,758 as of 12:55 PM ET.
  • The Media industry was trading up 0.8% versus the S&P 500, which was up 0.1%.
  • Top gainers within the industry included DISH Network (DISH), up 2.5%, Liberty Interactive Corp Class A (LVNTA), up 2.2%, and Comcast (CMCSA), up 1.2%.
  • Three stocks within the industry were pushing the sector lower, including Thomson Reuters Corporation (TRI), Grupo Televisa SAB (TV), and Time Warner (TWX).
  • Thomson Reuters Corporation (TRI) was down $0.26 (-0.6%) to $40.06 on light volume, with 299,613 shares exchanged hands as compared to its average daily volume of 926,500 shares.
  • Grupo Televisa SAB (TV) was down $0.54 (-1.8%) to $28.79 on average volume, with 810,367 shares exchanged hands as compared to its average daily volume of 2.0 million shares.
  • Time Warner (TWX) was down $0.22 (-0.3%) to $70.34 on light volume, with 1.3 million shares exchanged hands as compared to its average daily volume of 5.1 million shares.
  • Current market capitalization for Thomson Reuters Corporation (TRI) was $31.1 billion, with a P/E ratio of 16.4.
  • Current market capitalization for Grupo Televisa SAB (TV) was $16.7 billion, with a P/E ratio not specified.
  • Current market capitalization for Time Warner (TWX) was $57.1 billion, with a P/E ratio of 16.6.

Statistics:

  • 299,613 shares of Thomson Reuters Corporation (TRI) traded hands as of 12:55 PM ET, down from its average daily volume of 926,500 shares.
  • 810,367 shares of Grupo Televisa SAB (TV) traded hands as of 12:55 PM ET, down from its average daily volume of 2.0 million shares.
  • 1.3 million shares of Time Warner (TWX) traded hands as of 12:55 PM ET, down from its average daily volume of 5.1 million shares.
  • Thomson Reuters Corporation (TRI) has a market capitalization of $31.1 billion.
  • Grupo Televisa SAB (TV) has a market capitalization of $16.7 billion.
  • Time Warner (TWX) has a market capitalization of $57.1 billion.

Sources:

  • TheStreet Wire
  • Dow Jones Industrial Average (DJIA)
  • Thomson Reuters Corporation (TRI)
  • Grupo Televisa SAB (TV)
  • Time Warner (TWX)