Viacom (VIAB) : Traders are bullish on Viacom (VIAB) as it has outperformed the S&P 500 by a margin of 4.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.28%, 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 2.91% in the last 1 week, and is up 11.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Viacom (NASDAQ:VIAB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.85 and $44.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.57, notching a gain of 0.60% for the day. The total traded volume was 1,734,565 . The stock had closed at $45.30 on the previous day.
The stock has recorded a 20-day Moving Average of 5.92% and the 50-Day Moving Average is 7.3%. Viacom, Inc. is up 5.09% in the last 3-month period. Year-to-Date the stock performance stands at 12.93%.
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.