Cbs Corp (CBS) Files Form 4 Insider Selling : Lawrence Tu Sells 11,082 Shares

industry index, md 0 Comment

Cbs Corp (CBS): Lawrence Tu , Sr.EVP, Chief Legal Officer of Cbs Corp sold 11,082 shares on Feb 22, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $67.35 per share for a total value of $746,382.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2017, Lawrence Tu (Sr.EVP, Chief Legal Officer) sold 28,641 shares at $67.68 per share price.On Feb 22, 2017, Gil D Schwartz (Sr.EVP, Chief Commun. Officer) sold 33,131 shares at $64.76 per share price.Also, On Feb 22, 2017, Joseph R Ianniello (Chief Operating Officer) sold 68,869 shares at $67.08 per share price.On Feb 22, 2017, Jonathan Anschell (EVP, Deputy GC and Secretary) sold 32,788 shares at $67.60 per share price.

Shares of CBS Corporation (CBS) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -0.34 points or -0.50% at $67.12 with 27,51,826 shares getting traded. Post opening the session at $67.62, the shares hit an intraday low of $67.09 and an intraday high of $68.14 and the price vacillated in this range throughout the day. The company has a market cap of $27,488 M and the number of outstanding shares has been calculated to be 40,95,35,130 shares. The 52-week high of CBS Corporation is $68.14 and the 52-week low is $45.41.

CBS Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.CBS Corporation is Reiterated by Pivotal Research Group to Hold. The Rating was issued on Feb 16, 2017.CBS Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 78 from a previous price target of $70 .The Rating was issued on Feb 16, 2017.CBS Corporation is Upgraded by Atlantic Equities to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 6, 2017.CBS Corporation is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $65 .The Rating was issued on Jan 24, 2017.CBS Corporation is Resumed by Credit Suisse to Outperform and the brokerage firm has set the Price Target at $75. The Rating was issued on Jan 20, 2017.

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 Company’s 30 owned broadcast television stations and CBS Radio through which the Company owns and operates 117 radio stations in 26 United States markets.

Author

Bill Collins

For any feedback and suggestions contact author at Bill.Collins@themarketdigest.org

Leave a comment

Back to Top