Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Scripps Networks Interactive (SNI) Stock Price
Media coverage about Scripps Networks Interactive (NASDAQ:SNI) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scripps Networks Interactive earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.1355036148615 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Jeffrey Sagansky Sells 1,159 Shares of Scripps Networks Interactive, Inc (SNI) Stock (americanbankingnews.com)
- $935.94 Million in Sales Expected for Scripps Networks Interactive, Inc (NASDAQ:SNI) This Quarter (americanbankingnews.com)
- Wells Fargo & Company Begins Coverage on Scripps Networks Interactive, Inc (SNI) (famososartistas.com)
- Analyzing Discovery Communications (DISCK) & Scripps Networks Interactive (SNI) (americanbankingnews.com)
- Scripps Networks Interactive, Inc (SNI) Shares Sold by PGGM Investments (lazeresportes.com)
Scripps Networks Interactive (NASDAQ:SNI) traded down 0.49% on Thursday, reaching $86.83. The company had a trading volume of 2,759,061 shares. Scripps Networks Interactive has a 52-week low of $59.32 and a 52-week high of $88.45. The stock has a 50 day moving average price of $76.01 and a 200 day moving average price of $74.59. The stock has a market capitalization of $11.27 billion, a PE ratio of 17.92 and a beta of 1.49.
Several research analysts have recently weighed in on SNI shares. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company started coverage on Scripps Networks Interactive in a report on Thursday, July 20th. They set a “market perform” rating and a $82.00 target price on the stock. Moffett Nathanson restated a “sell” rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. J P Morgan Chase & Co upgraded Scripps Networks Interactive to a “neutral” rating and set a $83.00 target price on the stock in a report on Monday, May 15th. Finally, Jefferies Group LLC restated a “hold” rating and set a $76.00 target price on shares of Scripps Networks Interactive in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive has an average rating of “Hold” and a consensus target price of $82.47.
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In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the transaction, the insider now owns 232,071 shares in the company, valued at approximately $15,539,474.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Sagansky sold 1,159 shares of Scripps Networks Interactive stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the transaction, the director now owns 9,457 shares in the company, valued at approximately $830,608.31. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
Scripps Networks Interactive Company Profile
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.
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