Large Outflow of Money Witnessed in CBS Corporation

CBS Corporation (CBS) : Fridays money flow analysis of CBS Corporation (CBS) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $35.75 million. In comparison, the inflow of money on upticks was a meager $25.15 million. The dollar value of composite uptick trades minus the downtick trades was negative $10.6 million. The uptick to downtick ratio of 0.7 in the money flow shows weakness. The uptick block trades were valued at $2.5 million. The downtick transaction value was high at $12.84 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.2. Hence, the net money flow in the stock was negative ($10.33 million). CBS Corporation (CBS) gained $1.01 at $52.04, a change of 1.98% over the previous days close.


The company Insiders own 1.67% of CBS Corporation shares according to the proxy statements. Institutional Investors own 76.96% of CBS Corporation shares.

In a related news, The Securities and Exchange Commission has divulged that Goldberg Leonard, director of Cbs Corp, had unloaded 1,698 shares at an average price of $51.77 in a transaction dated on August 19, 2016. The total value of the transaction was worth $87,905.

CBS Corporation (NYSE:CBS): The stock opened at $52.29 and touched an intraday high of $52.78 on Friday. During the day, the stock corrected to an intraday low of $52.12, however, the bulls stepped in and pushed the price higher to close in the green at $52.22 with a gain of 0.35% for the day. The total traded volume for the day was 1,844,300. The stock had closed at $52.04 in the previous trading session.

CBS Corporation (CBS) : Traders are bullish on CBS Corporation (CBS) as it has outperformed the S&P 500 by a wide margin of 0.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.52% in the last 1 week, and is up 0.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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