Liberty Media Rises On Unusually High Volume (LMCA)
Liberty Media Corporation (Nasdaq:LMCA) is trading at unusually high volume Friday with 1.7 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $2.36 (+2.2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Liberty Media Corporation (Nasdaq: LMCA) is trading at unusually high volume Friday with 1.7 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $2.36 (+2.2%) at $109.99 as of 4 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Liberty Media has a market cap of $11.91 billion and is part of the services sector and media industry. Shares are up 37.9% year to date as of the close of trading on Thursday. Liberty Media Corporation, through its subsidiaries, engages in media, communications, and entertainment businesses primarily in North America. The company has a P/E ratio of 7.3, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Liberty Media as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Liberty Media Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.