Shares of CBS Corporation (NYSE:CBS) Sees Large Outflow of Money

CBS Corporation (NYSE:CBS) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (9.79 million) in CBS Corporation (NYSE:CBS). On Wednesday, The value of composite uptick trades was $16.76 million, whereas, the value of composite downtick trades was $26.56 million and the ratio between the two was 0.63, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $8.29 million. $1.35 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.16. The negative money flow of ($6.94 million) shows selling on strength. CBS Corporation (NYSE:CBS) gained $0.69 intraday at $52.76 and registrered 1.33% for the week.


In an insider trading activity,The officer (Sr.EVP Chief Admin & HR Ofcr) of Cbs Corp, Ambrosio Anthony G sold 8,500 shares at $54.86 on June 1, 2016. The Insider selling transaction had a total value worth of $466,310. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.67% of CBS Corporation shares according to the proxy statements. Institutional Investors own 78.36% of CBS Corporation shares.

The company shares have dropped -6.90% from its 1 Year high price. On May 5, 2016, the shares registered one year high at $57.89 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $53.61 and the 200 Day Moving Average price is recorded at $51.07. CBS Corporation (NYSE:CBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.50 and $52.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.76, notching a gain of 1.33% for the day. The total traded volume was 2,404,110 . The stock had closed at $52.07 on the previous day.

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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