Shares of CBS Corporation (CBS) Drops by -2.15%

CBS Corporation (CBS) has risen sharply, recording gains of 3.95% in the past 4 weeks. However, the stock has corrected -2.15% in the past 1 week, providing a good buying opportunity on dips. CBS Corporation (CBS) : During the past 4 weeks, traders have been relatively bearish on CBS Corporation (CBS), hence the stock is down -0.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.6% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 2.14% and the 50-Day Moving Average is 2.8%.

CBS Corporation (NYSE:CBS): The stock opened at $56.91 on Friday but the bulls could not build on the opening and the stock topped out at $57.15 for the day. The stock traded down to $55.69 during the day, due to lack of any buying support eventually closed down at $55.85 with a loss of -3.61% for the day. The stock had closed at $57.94 on the previous day. The total traded volume was 6,783,003 shares.


The company Insiders own 1.67% of CBS Corporation shares according to the proxy statements. Institutional Investors own 78.34% of CBS Corporation shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Sr.Evp Chief Admin & Hr Ofcr) of CBS CORP, Ambrosio Anthony G had sold 8,500 shares worth of $448,460 in a transaction dated June 29, 2016. In this transaction, 8,500 shares were sold at $52.76 per share.

CBS Corporation is a mass media company. The Company operates through segments, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films. The Cable Networks segment is composed of Showtime Networks, which operates program services, such as Showtime, The Movie Channel, and Flix; CBS Sports Network, and Smithsonian Networks, which operates a program service, Smithsonian Channel. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, the Companys 30 owned broadcast television stations, and CBS Radio, through which the Company owns and operates 117 radio stations in 26 United States markets.

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