CBS Corporation (CBS): $6.09 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.25. The value of trades done on upticks was $30.31 million, whereas, trades done on downticks were valued at $24.22 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $8.17 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.55 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 14.95 was strongly in favor of the bulls. The money flow in block trades was $7.62 million. CBS Corporation (CBS) fell $0.45 traded at $54.53, a change of -0.82% over the previous day. The stock is -2.36% for the week.
Also, UBS downgrades its view on CBS Corporation (NYSE:CBS) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. UBS maintains the current price target of $52 per share on CBS Corporation. The rating by the firm was issued on July 15, 2016.
CBS Corporation (NYSE:CBS): The stock opened at $55.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.21 for the day. The stock traded down to $54.27 during the day, due to lack of any buying support eventually closed down at $54.53 with a loss of -0.82% for the day. The stock had closed at $54.98 on the previous day. The total traded volume was 2,979,985 shares.
The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 0.58%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Sr.Evp Chief Admin & Hr Ofcr) of CBS CORP, Ambrosio Anthony G had sold 8,500 shares worth of $448,460 in a transaction dated June 29, 2016. In this transaction, 8,500 shares were sold at $52.76 per share.
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.