Shares of Viacom (VIAB) Sees Large Outflow of Money

Viacom (VIAB) : Thursdays money flow analysis of Viacom (VIAB) 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 $42.61 million. In comparison, the inflow of money on upticks was a meager $32.06 million. The dollar value of composite uptick trades minus the downtick trades was negative $10.55 million. The uptick to downtick ratio of 0.75 in the money flow shows weakness. The downtick transaction value was high at $11.34 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($11.34 million). Viacom (VIAB) gained $1.66 at $43.04, a change of 4.01% over the previous days close.


Viacom (VIAB) : The highest level Viacom (VIAB) is projected to reach is $87 for the short term and the lowest estimate is at $38. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $49.39 and the possibility the share price can swing is $10.84. The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 3.11%.

Viacom (NASDAQ:VIAB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.30 and $41.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.04, notching a gain of 4.01% for the day. The total traded volume was 4,511,822 . The stock had closed at $41.38 on the previous day.

Viacom Inc. (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment. Viacom Media Networks program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV, VH1, Nickelodeon, Comedy Central and BET, as well as certain program services. The Companys Filmed Entertainment segment produces, finances, acquires and distributes motion pictures and other entertainment content. under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies brands.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *