News: Robert L. Johnson to join Discovery (NASDAQ:DISCA)

Discovery (NASDAQ:DISCA) stock identified change of 67.35% away from 52-week low price and recently located move of -14.43% off 52-week high price. It has market worth of $12.96B. DISCA stock has been recorded 21.98% away from 50 day moving average and 28.96% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.55% off 20-day moving average.

On Dec. 14, 2020, Discovery (NASDAQ:DISCA) declared that Robert L. Johnson will join the company’s Board of Directors, effective January 1, 2021.

Johnson was founder and chairman of Black Entertainment Television (BET) and is also the founder and chairman of The RLJ Companies, LLC, an innovative business network, and owns or holds interests in businesses operating in hotel real estate, private equity, 401k fintech services, automobile dealerships, content streaming, gaming and sports betting.

Bob is a legendary entrepreneur and one of media’s true pioneers and innovators, dating back to his creation of BET and continuing throughout his distinguished career, said Robert Miron, Chairman of Discovery’s Board of Directors. As we embark on a transformative year for Discovery, we are honored to add Bob as an independent director. We look forward to benefiting from his business acumen and exceptional track record in media.

The company also announced that S. Decker Anstrom, who has served on the Board since 2012 as a preferred stock director, will step down from the Board, effective December 31, 2020.  Susan M. Swain, a current common stock director on the Discovery Board, will assume Mr. Anstrom’s role as a preferred stock director.  The Communication Services sector company, Discovery noticed change of -0.97% to $28.65 along volume of 7369329 shares in recent session compared to an average volume of 5.01M shares. The stock observed return of -0.52% in 5 days trading activity. The stock was at 31.42% over one month performance. DISCA’s shares are at 20.28% for the quarter and driving a -11.41% return over the course of the past year and is now at -12.49% since this point in 2018.

The average volatility for the week at 2.63% and for month was at 3.50%. There are 505.00M shares outstanding and 464.59M shares are floated in market. Right now the stock beta is 1.52.

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