CBS Corporation (NYSE:CBS) has climbed 1.9% in the past week and advanced 1.88% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.12% and the outperformance has advanced to 0.95% for the last 4 weeks period.
CBS Corporation (NYSE:CBS): The stock opened at $54.29 on Friday but the bulls could not build on the opening and the stock topped out at $54.49 for the day. The stock traded down to $53.55 during the day, due to lack of any buying support eventually closed down at $53.73 with a loss of -1.38% for the day. The stock had closed at $54.48 on the previous day. The total traded volume was 5,029,779 shares.
The company shares have dropped -7.90% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $58.61 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $54.36 and the 200 Day Moving Average price is recorded at $50.88.
On the companys insider trading activities, Ambrosio Anthony G, officer (Sr.EVP Chief Admin & HR Ofcr) of Cbs Corp, unloaded 8,500 shares at an average price of $54.86 on June 1, 2016. The total amount of the transaction was worth $466,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Benchmark maintains its rating on CBS Corporation (NYSE:CBS). The global brokerage major raises the current price target from $56 per share to $65 per share. Analysts at the Benchmark have a current rating of Buy on the shares. The rating by the firm was issued on May 3, 2016. Currently the company Insiders own 1.67% of CBS Corporation shares according to the proxy statements. Institutional Investors own 78.35% of CBS Corporation shares.
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.