Shares of CBS Corporation (NYSE:CBS) Sees Large Inflow of Net Money Flow

CBS Corporation (NYSE:CBS) had a weak trading session and its shares were last down at $52.73, down -0.27% or -0.51 points. The trading data also revealed that the total net flow stood at $13.68 million as the shares had $36.29 million in upticks but lost $22.61 million in downticks. The up/down ratio was 1.6. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of -3.05% in the shares.The block trade data suggests an inflow of $15.18 million in upticks and an outflow of $2.82 million in downticks. The up/down ratio for the block stood at 5.38. The net money flow for this transaction was recorded at $12.36.


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. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Ambrosio Anthony G, officer (Sr.EVP Chief Admin & HR Ofcr) of Cbs Corp, had unloaded 8,500 shares at an average price of $54.86 in a transaction dated on June 1, 2016. The total value of the transaction was worth $466,310.

CBS Corporation (NYSE:CBS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.62 points or 1.18% at $52.11 with 3,561,129 shares getting traded. Post opening the session at $52.62, the shares hit an intraday low of $52.09 and an intraday high of $53.14 and the price was in this range throughout the day. The company has a market cap of $23,608 million and the number of outstanding shares have been calculated to be 453,040,120 shares. The 52-week high of CBS Corporation (NYSE:CBS) is $58.745 and the 52-week low is $38.51.

Many analysts have stated their opinion on the company shares. Brokerage firm Benchmark maintains its rating on CBS Corporation (NYSE:CBS). As per the latest information, the brokerage house raises the price target to $65 per share from a prior target of $56. The shares have been rated Buy. The rating by the firm was issued on May 3, 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 Companys 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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