Shares of CBS Corporation (CBS) Sees Large Inflow of Net Money Flow

CBS Corporation (CBS) dropped by -0.09 or -0.06 points during the last session to $64.43 per share. One of the highlights of the day was the net money flow figure, which stood at $4.09 million even as the stock accepted $16.93 million in upticks but rejected $12.84 million in downticks. The up/down ratio for the last observation was a 1.32. The 1-week percentage change for the stock price is registered at -0.48%.A block transaction occurred with $3.24 million in upticks and $0.89 million in downticks while the up/down ratio was calculated to be 3.62. The stock witnessed a net inflow of $2.34 million at the end of the block trade.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of CBS Corporation rose by 2.54% in the last five trading days and 1.54% for the last 4 weeks. CBS Corporation is up 14.43% in the last 3-month period. Year-to-Date the stock performance stands at 1.54%. CBS Corporation (NYSE:CBS) rose 0.17% or 0.11 points on Wednesday and made its way into the gainers of the day. After trading began at $64.82 the stock was seen hitting $65.2 as a peak level and $64.32 as the lowest level. The stock ended up at $64.6. The daily volume was measured at 2,123,243 shares. The 52-week high of the share price is $66.88 and the 52-week low is $41.36. The company has a market cap of $27,759 million.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Joseph R Ianniello (Chief Operating Officer) sold 68,000 shares at 62.19 per share price.On Jan 13, 2017, David R Andelman (director) sold 2,548 shares at 62.45 per share price.On Jan 6, 2017, Linda M Griego (director) sold 15,279 shares at 65.25 per share price.

CBS Corporation Last issued its quarterly earnings results on Nov 3, 2016. The company reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.98. The company had revenue of $3396.00 million for the quarter, compared to analysts expectations of $3340.70 million. The companys revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Jan 24, 2017 to Buy, Raises Price Target to $ 72 from a previous price target of $65 .CBS Corporation was Resumed by Credit Suisse on Jan 20, 2017 to Outperform, Price Target of the shares are set at $75.CBS Corporation was Downgraded by Pivotal Research Group on Jan 12, 2017 to Hold, Lowers Price Target to $ 67 from a previous price target of $72 .Company shares were Reiterated by Telsey Advisory Group on Dec 13, 2016 to Market Perform, Raises Price Target to $ 66 from a previous price target of $57 .

CBS Corporation is a mass media company that creates and distributes industry-leading content to audiences worldwide. CBS has businesses with origins that date back to the beginnings of broadcast as well as new ventures that operate on medias leading edge. It owns the most-watched television network in the U.S. and one of the worlds largest entertainment libraries. CBSs operations span nearly every field of media and entertainment, including cable, publishing, radio, TV, film, outdoor advertising, and interactive and socially responsible media. Its businesses include CBS Television Network, The CW (owned by CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.

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