MDP - Meredith Corporation: The Winning Streak Continues (MDP)
Meredith Corporation (NYSE:MDP) traded today at a new 52-week high of $58.85. So far today approximately 173,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.
Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.
In the past 52 weeks, shares of Meredith Corporation have traded between a low of $15.28 and a high of $58.85 and is now at $58.80, which is 285% above that low price.
Meredith Corporation has overhead space with shares priced $58.80, or 5.3% below the average consensus analyst price target of $62.07.
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