Viacom (VIAB) : $1.55 million worth of transactions were on upticks in Viacom (VIAB), compared to $0.56 million on downticks. The ratio between the two was 2.76, whereas, the net money flow stood at a healthy $0.99 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $0.9million worth of trades. The total money flow into the stock stood at $0.9 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.27%. The stock was trading at $41.35, with a drop of $0.11 over the previous days close. The stock recorded 0.58% for the week.
Also, Brokerage firm Telsey Advisory Group downgrades its rating on Viacom (NASDAQ:VIAB). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 26, 2016.
Viacom, Inc. has lost 2.04% in the last five trading days and dropped 7.89% in the last 4 weeks. Viacom, Inc. has dropped 7.49% during the last 3-month period . Year-to-Date the stock performance stands at 1.24%.
Viacom (NASDAQ:VIAB): The stock opened at $41.53 on Tuesday but the bulls could not build on the opening and the stock topped out at $41.67 for the day. The stock traded down to $40.78 during the day, due to lack of any buying support eventually closed down at $40.85 with a loss of -1.47% for the day. The stock had closed at $41.46 on the previous day. The total traded volume was 2,106,059 shares.
Viacom Inc. (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment. Viacom Media Networks program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV, VH1, Nickelodeon, Comedy Central and BET, as well as certain program services. The Companys Filmed Entertainment segment produces, finances, acquires and distributes motion pictures and other entertainment content. under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies brands.