A Director at Discovery (DISCA) is Buying Shares

Yesterday, a Director at Discovery (DISCA), David Wargo, bought shares of DISCA for $4.59M.

This recent transaction increases David Wargo’s holding in the company by 49.96% to a total of $15.39 million. Following David Wargo’s last DISCA Buy transaction on May 05, 2017, the stock climbed by 4.5%.

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Based on Discovery’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.68 billion and quarterly net profit of $250 million. In comparison, last year the company earned revenue of $2.59 billion and had a net profit of $117 million. The company has a one-year high of $32.87 and a one-year low of $23.79. DISCA’s market cap is $16.16B and the company has a P/E ratio of 12.32.

Four different firms, including Wells Fargo and Imperial Capital, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $17.17K worth of DISCA shares and purchased $79.43M worth of DISCA shares.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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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.

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