Time Warner Cable Inc. (NYSE:TWX) Prolongs Deal with AMC before Deadline – TWX, NWS, DIS, M, HD, SPLS, ASCA, ACM

Time Warner Cable Inc. (NYSE:TWX) and AMC Networks Inc. have for the time beingprolonged a carriage deal for AMC’s We TV and IFC channels before a midnight cutoff date, booth firms reported on Monday.

On the other hand, Walt Disney Co. (NYSE:DIS) and Charter Communications Inc. declared a latest contract for the cable provider to keep Disney channels like ESPN and the namesake Disney Channel.

Time Warner Cable’s (TWX) contract’s extension with AMC allows the firms additional time to talk on new carriage agreements for We TV and IFC, which could else end for Time Warner Cable subscribers in the start of the new year.

Its competitors include News Corp (NASDAQ:NWS) that surged +3.80% to $26.24 with the total traded volume of 6.54 million shares and The Walt Disney Company (NYSE:DIS) that increased +1.30% to $49.79 with the total traded volume of 10.22 million shares.

Other Services stocks with bullish trend include Macy’s, Inc. (NYSE:M) up +4.44% to $39.02, The Home Depot, Inc. (NYSE:HD) up +1.98% to $61.85 and Staples, Inc. (NASDAQ:SPLS) up +2.70% to $11.40, whereas with bearish trend include Ameristar Casinos, Inc. (NASDAQ:ASCA) down -0.04% to $26.24, AECOM Technology Corp (NYSE:ACM) down -0.58% to $23.80.

Time Warner Inc. (NYSE:TWX) stock’s trade at beginning with a price of $46.78 and throughout the trading session climbed at a high of $47.88 other than when day-trade ended the stock finally advanced +1.92% to $47.83.

Shares price of TWX moved forward from its 20 days moving average with +1.38% and remote positively from 50 days moving average with +4.87%. TWX current year earnings per share experienced an addition with 20.53% while its current quarter performance remained +5.98%.

TWX had a trade volume of 6.29 million shares was lower as compared to average trading capacity of 6.32 million shares.

TWX last month stock price volatility remained 1.51%. In its share capital TWX has 946.86 million outstanding shares among them 945.98 million shares have been floated in market exchange. TWX stock institutional ownership remained 87.92% while insider ownership included 0.04%.

The stock is ahead its 52 week low with +43.97% and lagging behind from its 52 week high price with -1.46%. Company’s beta coefficient included 1.30. Beta factors measures the amount of market risk associated with market trade.

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