CBS Corporation (CBS) : The money flow analysis of CBS Corporation (CBS) indicates a $15.97 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $25.49 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.6 and so was the total money flow at $9.52 million. A solid up-down ratio of 3.43 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $10.7 million worth of block trades on upticks. Only $3.12 million worth of the stock exchanged hands on downticks. The money flow was $7.58 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of CBS Corporation (CBS), pushing it down by -1.08% for the day. The stock slid $0.57 and traded at $52.35 during the day. Nonetheless, the stock is 0.35% over the previous weeks close.
Shares of CBS Corporation appreciated by 0.52% during the last five trading days but lost 6.39% on a 4-week basis. CBS Corporation has dropped 2.28% during the last 3-month period . Year-to-Date the stock performance stands at 11.57%.
CBS Corporation (NYSE:CBS): The stock opened at $52.45 on Monday but the bulls could not build on the opening and the stock topped out at $52.60 for the day. The stock traded down to $52.28 during the day, due to lack of any buying support eventually closed down at $52.28 with a loss of -0.13% for the day. The stock had closed at $52.35 on the previous day. The total traded volume was 2,177,316 shares.
In a related news,The director of Cbs Corp, Califano Joseph A sold 5,093 shares at $52.26 on August 3, 2016. The Insider selling transaction had a total value worth of $266,160. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.