CBS Corporation (CBS) : During the past 4 weeks, traders have been relatively bearish on CBS Corporation (CBS), hence the stock is down -6.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.92% relative to the S&P 500. The 4-week change in the price of the stock is -5.98% and the stock has fallen -0.96% in the past 1 week.
CBS Corporation has dropped 1.41% during the last 3-month period . Year-to-Date the stock performance stands at 10.65%. The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 3.42%.
CBS Corporation (NYSE:CBS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.38 and $51.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.85, notching a gain of 0.62% for the day. The total traded volume was 3,343,971 . The stock had closed at $51.53 on the previous day.
Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on CBS Corporation (NYSE:CBS). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $65 per share to $68 per share. The rating by the firm was issued on July 29, 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.