CBS Corporation (NYSE:CBS), A reduction of 1,944,268 shares or 9.3% was observed in the short interest of CBS Corporation The interest on June 15,2016 came in at 19,015,283 shares and as per the average daily trading of 3,784,389 shares, the days to cover are 5. The reduced interest is 4.7% of the floated shares. The data of May 31,2016 put the interest at 20,959,551 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CBS Corporation (NYSE:CBS): The stock opened at $51.54 on Friday but the bulls could not build on the opening and the stock topped out at $52.64 for the day. The stock traded down to $51.32 during the day, due to lack of any buying support eventually closed down at $51.65 with a loss of -3.80% for the day. The stock had closed at $53.69 on the previous day. The total traded volume was 6,412,028 shares.
The company shares have dropped -6.65% from its 1 Year high price. On May 5, 2016, the shares registered one year high at $57.89 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $53.92 and the 200 Day Moving Average price is recorded at $50.99.
CBS Corporation (NYSE:CBS) has tumbled 3.87% during the past week and has dropped 5.87% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.28%. CBS Corporation (NYSE:CBS) has underperformed the index by 3.02% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.