Company Shares of Viacom Rally 5.71%

Viacom (NASDAQ:VIAB) has climbed 5.71% in the past week and advanced 13.75% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.98% and the outperformance has advanced to 12.71% for the last 4 weeks period.

Viacom (NASDAQ:VIAB): The stock opened at $45.00 on Friday but the bulls could not build on the opening and the stock topped out at $46.29 for the day. The stock traded down to $44.26 during the day, due to lack of any buying support eventually closed down at $44.42 with a loss of -1.40% for the day. The stock had closed at $45.05 on the previous day. The total traded volume was 10,633,659 shares.

The company shares have dropped -34.91% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $68.47 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.97 and the 200 Day Moving Average price is recorded at $40.81.

Many analysts have stated their opinion on the company shares. Wunderlich maintains its view on Viacom (NASDAQ:VIAB) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Wunderlich maintains the current price target of $87 per share on Viacom . The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.65% of Viacom shares according to the proxy statements. Institutional Investors own 76.4% of Viacom shares. During last six month period, the net percent change held by insiders has seen a change of -24.48%.

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.

Leave a Reply

Wayne Farley - Is it time to Sell?

Top Brokerage Firms are advising their investors on Wayne Farley. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.