Insider Selling: DISH Network Corp SVP Sells 6,000 Shares of Stock (DISH)
DISH Network Corp (NASDAQ:DISH) SVP Paul W. Orban sold 6,000 shares of the stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $60.65, for a total transaction of $363,900.00. Following the completion of the sale, the senior vice president now directly owns 339 shares in the company, valued at approximately $20,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
DISH Network Corp (NASDAQ:DISH) traded down 0.48% on Tuesday, hitting $62.19. The stock had a trading volume of 1,691,136 shares. DISH Network Corp has a 52 week low of $39.81 and a 52 week high of $64.52. The stock’s 50-day moving average is $59.76 and its 200-day moving average is $58.5. The company has a market cap of $28.546 billion and a P/E ratio of 37.62.
DISH Network Corp (NASDAQ:DISH) last released its earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.05. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that DISH Network Corp will post $1.76 EPS for the current fiscal year.
DISH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of DISH Network Corp from a “neutral” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $40.00 price target on the stock, down previously from $72.00. Separately, analysts at JPMorgan Chase & Co. upgraded shares of DISH Network Corp from a “neutral” rating to an “overweight” rating in a research note on Monday, June 16th. They now have a $72.00 price target on the stock, up previously from $61.00. Finally, analysts at Wunderlich raised their price target on shares of DISH Network Corp from $51.00 to $56.00 in a research note on Tuesday, May 20th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.20.
DISH Network Corporation is a pay-television (NASDAQ:DISH) provider, with approximately 13.
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