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› Last week in media: some M&A brewing, Sony rides the Spider-Man wave and Snap extends it year-to-date gain to 176%
Last week in media: some M&A brewing, Sony rides the Spider-Man wave and Snap extends it year-to-date gain to 176%
2019-07-08 07:00:00| Telecompaper Headlines
(Telecompaper) The media sector outperformed the broader market in week 27. The Telecompaper Stock Index Global Consumer Media was up 2.8 percent for the week, outperforming the S&P 500 (+1.7%). Alphabet's 4.7 percent gain was a big factor, but the biggest winners were a number of broadcasters, including Nexstar (+9.0%), Stingray (+7.3%), Sinclair (+6.9%) and TV Asahi (+6.7%). Snap Inc's winning streak hasn't come to an end yet as the stock was up 6.5 percent last week, for a year to date gain of no less than 176 percent. Electronic Arts was the biggest loser last week, down 7.6 percent and back to levels of last May.
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Category:Telecommunications