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.
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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.