CBS And Viacom Stocks Dinged Again As Market And Media Sector Stabilize

drop for the fourth trading session of the past five. CBS finished at $43.37, down nearly 3%, while Viacom ended at $25.95, also down a bit less than 3%.their long-awaited plan to merge, with an expected close by the end of 2019. The unveiling drew a few downbeat reactions on Wall Street but many analysts remain bullish on the benefits of the combination.

The downtrend in the companies’ stocks leaves them both toward the low end of their 52-week ranges, and each has entered negative territory for 2019 to date. Trading volume on both stocks on Thursday was about twice the average level. Virtually all other media or tech issues wound up in positive territory on Thursday. The only company to see a bigger decline than CBS or Viacom was Lionsgate, which fell to a new 52-week low of $11 a share during the day before ending at $11.05, down 5%. Fox Corp. pulled back nearly 3% on the day and Snapchat parent Snap Inc. posted a 2% drop.and S&P 500 were closer to break-even.

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Viacom And CBS Stocks Drop On Day After Merger Reveal As Analysts React To DealShares in Viacom and CBS both declined more than 6% through mid-day Wednesday as investors absorbed the details of the companies’ long-awaited merger on a day of broader stock market retreat.… shocker The market is falling so difficult to separate the merger from Trump.
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CBS-Viacom Merger – DeadlineCBS-Viacom Merger news that is up-to-the-minute. Get breaking CBS-Viacom Merger information and an unfiltered, no-holds-barred analysis of CBS-Viacom Merger-related events.
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Top CBS Investor Hints at Lawsuit Over Viacom MergerNo therapists needed for Viacom-CBS. But how about regulators and minority stakeholders? This looks like the same person with a 30 year age difference Will he even be alive for the proceedings? My goodness.
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