Discovery Rises On Unusually High Volume (DISCK)

NEW YORK (TheStreet) -- Discovery Communications (Nasdaq:DISCK) is trading at unusually high volume Friday with 2.6 million shares changing hands. It is currently at four times its average daily volume and trading up $1 (+3%) at $33.86 as of 3:58 p.m. ET.

Discovery has a market cap of $4.5 billion and is part of the services sector and media industry. Shares are down 10.4% year to date as of the close of trading on Thursday.

Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide. It provides original and purchased programming across various distribution platforms with approximately 100 television networks in 35 languages. The company has a P/E ratio of 23, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Discovery as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Discovery Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.

For more information on Discovery Communications Inc click any of the following:

• Discovery Communications Inc Stock Price

• Discovery Communications Inc Analyst Ratings

• Discovery Communications Inc Key Stats & Profile

• Discovery Communications Inc Earnings

• Discovery Communications Inc Ratio Comparison

• Discovery Communications Inc Growth Rates

• Discovery Communications Inc Balance Sheet

• Discovery Communications Inc Cash Flow

• Discovery Communications Inc Income Statement