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

CBS Corporation (CBS) : The total money flow in CBS Corporation (CBS) was negative ($1.79 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.97 million. In comparison, the inflow of money into the stock on upticks was $0.18 million. The uptick to downtick ratio was 0.09. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.78 million. The negative money flow of ($1.78 million) confirms the selling in CBS Corporation (CBS) on strength. CBS Corporation (CBS) gained $0.01 at $51.47, a gain of 0.02% over the previous days close. However, the stock registered 0.06% in the week.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on CBS Corporation (NYSE:CBS). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank 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 has lost 2.9% in the last five trading days and dropped 1.59% in the last 4 weeks. CBS Corporation has dropped 6.81% during the last 3-month period . Year-to-Date the stock performance stands at 9.41%.

CBS Corporation (NYSE:CBS): The stock opened at $51.42 on Tuesday but the bulls could not build on the opening and the stock topped out at $51.52 for the day. The stock traded down to $51.07 during the day, due to lack of any buying support eventually closed down at $51.27 with a loss of -0.37% for the day. The stock had closed at $51.46 on the previous day. The total traded volume was 2,658,997 shares.

In a related news, The director, of Cbs Corp, Califano Joseph A had unloaded 5,093 shares at $52.26 per share in a transaction on August 3, 2016. The total value of transaction was $266,160. The Insider information was revealed by 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.

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