Cbs Corp (CBS) Files Form 4 Insider Selling : Anthony G Ambrosio Sells 8,250 Shares

Cbs Corp (CBS): Anthony G Ambrosio , Sr.EVP Chief Admin & HR Ofcr of Cbs Corp sold 8,250 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $54.87 per share for a total value of $452,649.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 8, 2016, Anthony G Ambrosio (Sr.EVP Chief Admin & HR Ofcr) sold 8,250 shares at $54.64 per share price.On Mar 15, 2016, Joseph R Ianniello (Chief Operating Officer) sold 33,975 shares at $52.69 per share price.Also, On Nov 19, 2015, Charles K Gifford (director) sold 17,827 shares at $51.20 per share price.On Nov 12, 2015, Bruce S Gordon (director) sold 5,093 shares at $49.68 per share price.

CBS Corporation: On Wednesday, Apr 20, 2016 heightened volatility was witnessed in CBS Corporation which led to swings in the share price. The shares opened for trading at $55.19 and hit $56.54 on the upside , eventually ending the session at $55.82, with a gain of 1.40% or 0.77 points. The heightened volatility saw the trading volume jump to 31,53,648 shares. The 52-week high of the share price is $63.95 and the company has a market cap of $25,652 M . The 52-week low of the share price is at $38.51.

CBS Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.CBS Corporation is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $68. The Rating was issued on Apr 8, 2016.CBS Corporation is Reiterated by Barrington Research to Outperform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $61 .The Rating was issued on Mar 31, 2016.CBS Corporation is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $60 .The Rating was issued on Mar 18, 2016.CBS Corporation is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $52 .The Rating was issued on Mar 17, 2016.CBS Corporation is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $57 .The Rating was issued on Mar 16, 2016.

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 Company’s 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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