Viacom (VIAB) has been under a strong bear grip, hence the stock is down -4.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.38% in the past 1 week. The stock has risen by 1.35% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.56% in the past 4 weeks.
Viacom, Inc. is up 12.44% in the last 3-month period. Year-to-Date the stock performance stands at 7.78%. The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 0.21%.
Viacom (NASDAQ:VIAB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.29 and $43.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.49, notching a gain of 1.52% for the day. The total traded volume was 3,736,673 . The stock had closed at $42.84 on the previous day.
Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Viacom (NASDAQ:VIAB). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $39 per share to $35 per share. The rating by the firm was issued on August 8, 2016.
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.