Liberty Media Rises On Unusually High Volume (LMCA)
Liberty Media Corporation (Nasdaq:LMCA) is trading at unusually high volume Wednesday with 1.5 million shares changing hands. It is currently at 3.4 times its average daily volume and trading up $13.06 (+11.9%).
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 Wednesday with 1.5 million shares changing hands. It is currently at 3.4 times its average daily volume and trading up $13.06 (+11.9%) at $122.89 as of 1:51 p.m. ET.
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Liberty Media has a market cap of $13.89 billion and is part of the services sector and media industry. Shares are up 8.2% year to date as of the close of trading on Tuesday. 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 1.6, 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 compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.