MDP - Shares of Meredith Corporation (MDP) Have Risen Above Previous 52-Week High
Meredith Corporation (NYSE:MDP) traded at a new 52-week high today of $59.06. So far today approximately 367,000 shares have been exchanged, as compared to an average 30-day volume of 754,000 shares.
Meredith Corporation share prices have moved between a 52-week high of $59.06 and a 52-week low of $18.00 and are now trading 228% above that low price at $59.04 per share.
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.
Meredith Corporation (NYSE:MDP) has potential upside of 6.2% based on a current price of $59.04 and analysts' consensus price target of $62.70.
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