Cbs Corp (CBS) Files Form 4 Insider Selling : Anthony G Ambrosio Sells 9,000 Shares

Cbs Corp (CBS): Anthony G Ambrosio , Sr.EVP Chief Admin & HR Ofcr of Cbs Corp sold 9,000 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $56.76 per share for a total value of $508,827.06 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Lawrence Tu (Sr.EVP, Chief Legal Officer) sold 28,104 shares at $57.17 per share price.On May 6, 2016, Jonathan Anschell (EVP, Deputy GC and Secretary) sold 8,946 shares at $57.09 per share price.Also, On Apr 22, 2016, Anthony G Ambrosio (Sr.EVP Chief Admin & HR Ofcr) sold 8,250 shares at $54.87 per share price.On Mar 15, 2016, Joseph R Ianniello (Chief Operating Officer) sold 33,975 shares at $52.69 per share price.

CBS Corporation: On Wednesday, May 4, 2016 heightened volatility was witnessed in CBS Corporation which led to swings in the share price. The shares opened for trading at $57.01 and hit $57.59 on the upside , eventually ending the session at $56.53, with a gain of 1.56% or 0.87 points. The heightened volatility saw the trading volume jump to 1,21,78,742 shares. The 52-week high of the share price is $63.95 and the company has a market cap of $25,978 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 Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $64 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $63 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 68 from a previous price target of $66 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $63 .The Rating was issued on May 4, 2016.CBS Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $68 .The Rating was issued on May 4, 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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