Why Is It Moving? Analyzing The Upward Movement in Grupo Televisa's Stock Today

Grupo Televisa's Stock Price And Volume Action

Grupo Televisa's TV stock is trading up 22.62% to a price of $12.47. The stock's current volume for the day is 18.11 million, which is approximately 1134.22% of its previous 30-day average volume of 1.60 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Grupo Televisa shares are trading higher after the company reached an agreement with Univision to sell its content and media assets in a deal valued at $4.8 billion. Televisa will receive $3 billion in cash and $1.5 billion in Univision equity.

Perspective On Recent Price Action

The moving average price of the stock over the past 50 days was $8.64 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $10.22 and as low as $4.73.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.