Shares of Discovery Inc. (NASDAQ:DISCK) traded today at $64.82, eclipsing its 52-week high. Approximately 2.6 million shares have changed hands today, as compared to an average 30-day volume of 8 million shares.
Discovery is the one of the largest global media providers with over 2 billion cumulative subscribers in over 220 countries. Its three traditional networks (Discovery, TLC, and Animal Planet) each reach over 85 million U.S. households and more than 200 million international subscribers. The top two networks (HGTV and Food Network) acquired in the Scripps transaction are available in more than 87 million households in the U.S. The international segment consists of national and pan-regional networks over 294 unique distribution feeds in more than 45 languages.
Over the past year, Discovery Inc. has traded in a range of $15.43 to $64.82 and is now at $64.58, 319% above that low.
Discovery Inc. (NASDAQ:DISCK) is currently priced 2.7% above its average consensus analyst price target of $62.82.
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