The firm, a family office run by Bill Hwang, took a leveraged bet by buying both Discovery stock and ViacomCBS (NASDAQ:VIAC). After selling $20 billion worth of stocks to cover its margin call, Discovery has yet to recover. Which means at some point, Archegos would have owned more than 20% exposure to Viacom. 435-586-9497. Viacom Stock is a Bargain Pullback Opportunity Here: Media behemoth ViacomCBS (NASDAQ: VIAC) stock had a meteoric rise and violent collapse on the heels of the Archegos forced liquidation margin call selling. Sort of a like a race to the bottom. Nov 25 (Reuters) - The all-stock merger of CBS Corp CBS.N and Viacom Inc VIAB.O is expected to close on Dec. 4, the companies said on Monday. The stock price slumped 23% last Wednesday after ViacomCBS announced pricing of its $3 billion stock sale in part to fund investment in streaming content, a … The stock sale happened through a block sale and triggered a sell-off in the stock. Statistics. Around the same time, streaming giant Netflix (NFLX) started writing big checks for legacy library content. It gets technical, but it’s important information for anyone who wants to understand what could happen to Viacom (which owns cable networks including MTV, … If you owned stock before the time of the internet and online brokerages, there's a very good chance that you had a stock certificate.When a company sold shares of its stock … Mon, 22 March 2021. The current price level -61.84% lower than the highest price of $101.97 marked by the stock while trading over the past 52-weeks, whereas it is 142.43% higher than the lowest price of $16.05 the company dropped to over past 52-weeks. The firm became active in Here’s where it gets tricky- According to HipHopAndPolitics, a company called Vanguard Group Incorporated is the largest stock holder in CoreCivic and is the third largest stock holder in GEO Group.Vanguard also owns a high amount of stake in Viacom and Time Warner. However Viacom shares started to fall last week amid fears that its channels were losing out to rivals such as Netflix and Disney Plus. Then "Corporate Acquisition" : Company Acquired: Viacom; New shares: 0.59625; then Price per share for acquiring company: $43.71 (from Viacom Form 8937 Dec 16, 2019) (or use your brokerage figure); Memo: CBS and Viacom merger: "VIAC" ViacomCBS. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. ViacomCBS Stock Is Rallying. Shares of media company ViacomCBS ( NASDAQ:VIAC) fell as much as 40% on Friday after being downgraded by an analyst. Here is the sequence of events, according to the trader, who asked to remain anonymous: 1. When Viacom started tanking, the banks made margin calls. As for ViacomCBS, other news hit the stock last week. Now, let’s perform the Viacom stock analysis of the weekly chart to ascertain its long-term trend. Archegos Capital was founded by the former Tiger Management equity analyst, Bill Hwang. 800-537-4523. Stock Research Services. Media giant Viacom announced fiscal third-quarter earnings that were better than expected, but … So what happened? Percentage Held by Institutions. BofA Sees a Potential Takeover. Sumner Redstone's granddaughter questioned the wisdom of the $25B merger, pointing to a decline in stock … Viacom owns BET and MTV, while Time Warner owns Warner Bros. (which owns several music labels), HBO, and TNT. ViacomCBS Inc. (VIAC) saw an uptrend of 1.04% in the recent trading with $38.91 being its most recent. But reservations over the 2019 merger of Viacom and CBS had eased by last fall and stock in the combined company began to … The catalyst was ViacomCBS, which did a $3 billion stock offering through Morgan Stanley and J.P. Morgan earlier in the week that fell apart.It resulted in massive selling. Viacom Tumbles As Downgrades, Share Sale Weigh On Sentiment. That started the nosedive. ViacomCBS stock jumped almost 9% in the last one week (five trading days) and has, in fact, completely outperformed the S&P 500 which declined 0.9% during this period. Viacom’s collection of established, popular cable channels is a bundle of assets that YouTube TV can provide to subscribers. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. Westinghouse Electric was founded by George Westinghouse in Pittsburgh, Pennsylvania, on January 8, 1886. This happened to Viacom shares on the way up and subsequently Discovery Network shares. This fund was long a lot of Viacom using a lot of leverage. Why It Matters: Shares of Viacom and Discovery Inc. (NASDAQ: DISCA) fell sharply in a two-day sell-off in late March amid rumors of massive block trades related to the unwinding of … Throw in the low valuation of VIAB stock and its near-3% dividend yield and it's hard to ignore. If you own the stock on June 13th you will get the dividend. They hoped to sell before the other banks who had loaned Archegos money could sell. ... plus nearly $1 billion from a concurrent sale of convertible preferred stock. The recent pullback has been intense, with shares down almost 10% on … That’s what happened exactly a year ago. CBS Corp and Viacom Inc are in the final stages of negotiating an all-stock merger that values Viacom at a discount to its closing price on Friday, two sources told Reuters. A year ago, ViacomCBS was trading at $13 a share. The institutional buyers of Viacom’s $2.65 billion stock offering composed of … This is crazy because the total market cap of Viacom is only around $30 billion today. One thing about margin lending is that if you borrow money to buy Since splitting in January, Viacom stock … Another Viacom peer, CBS , has seen its stock price fall only 9.5% year-to-date. “We never, ever thought we would see Viacom trading close to $100 per share,” read the report, which was written by Michael Nathanson, a co-founder of the firm. Viacom delivers, but ad revenue stirs concerns. ViacomCBS shares closed Thursday following the announcement of the first-quarter earnings and an expanded distribution deal with Google's YouTube. Previous Next With the selloff, ViacomCBS’s valuation has returned to average levels after skyrocketing earlier this year. As a matter of fact, it didn’t even drop, fall, sink, slip or dip — rather, VIAB actually finished up for the day. Shares of the media conglomerate slipped another 6.7% in regular trading Monday — and the company’s market value has now been chopped by 55% since March 22. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. Now Viacom is one of the stocks on the Archegos list. The stock price slumped 23% last Wednesday after ViacomCBS announced pricing of its $3 billion stock sale in part to fund investment in streaming content, a … Viacom stock technical analysis − weekly chart. The Redstone family controls nearly 80% of the voting stock in Viacom and CBS. At 2:40 p.m. EDT, … Standard Preferred Stock Warrant Agreement - Viacom Inc. VIACOM INC. [VIACOM INTERNATIONAL INC.]* STANDARD PREFERRED STOCK WARRANT AGREEMENT PROVISIONS * If co-issued by Viacom International, add the language in brackets relating to Viacom International co-issuing the Warrants. What happened. Stocks … Why ViacomCBS Stock Has Fallen 55% in One Week. ViacomCBS chose to raise capital through a stock sale rather than issue debt. This was a 2 for 1 split, meaning for each share of VIAB owned pre-split, the shareholder now owned 2 shares. Also Read: Here's How Viacom's Philippe Dauman Could Be Fired Telsey has had VIAB stock’s target price at $53 for a while now. Figured it out: "Name Change" of CBS to ViacomCBS. Viacom's shares traded as high as $75.88 in July 2000, but have generally struggled since then, finishing up 11 cents at $34.21 on the New York Stock Exchange Tuesday. ... Why ViacomCBS Is a Stock to Watch in 2020 “If Disney's (DISNEY) the content king, [ViacomCBS] is the content prince,” says Guilfoyle. Services were offered primarily at video rental shops, but later alternatives included DVD-by-mail, streaming, video on demand, and cinema theater. ViacomCBS’ stock has often struggled since the Viacom-CBS recombination closed in December, but it jumped on Thursday. MTV and Nickelodeon suffered creative slumps, clipping growth at Viacom. Based on the volume weighted average price of S$7.813 per Share for trades done on 12 February 2020, after the implementation of the Share Split would be equal to or higher than the theoretical Share price of S$1.953 per Share. 2) Viacom/CBS is so cheap at under 10 times earnings. As most investors will know right now, VICOM (SGX: WJP) recently announced a proposed stock split 1:4. But shares in ViacomCBS surged Thursday to close just over 10 percent higher than the day's opening price (up … Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more. Read full article. Here is the sequence of events, according to the trader, who asked to remain anonymous: 1. ViacomCBS stock closes down 23% as Wall Street expresses doubt about streaming execution. And over time, Archegos built up a total exposure of about $10 billion to Viacom. Viacom’s stock VIAC, -0.54% is on pace for its fifth-straight trading day of declines Monday and the stock is off more than 56% over that span. Insiders say that the deal happened after top Viacom executives took stock of the situation and realized that even had they prevailed, there would still be months and even years of … Shares of the media conglomerate slipped another 6.7% in regular trading Monday — and the company’s market value has now been chopped by 55% since March 22. ViacomCBS has been beset by a confluence of factors that have crashed its stock price, after a huge run-up to […] It’s been a breathtaking week for ViacomCBS investors. Overall earnings estimates have been unchanged since the company's last earnings release. The breakingviews.com column "Viacom's Split: A Big Why?" Therefore, the fundamentals look positive. Get the latest CBS Corporation Common Stock (VIAC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. High institutional ownership can be a signal of strong market trust in this company. 888-786-2576. 73.78% of the stock of Viacom is held by institutions. Shares of ViacomCBS (NASDAQ: VIAC)( NASDAQ:VIAC.A) sank 43.1% in March, according to data from S&P Global Market Intelligence. The S&P 500 rose 0.26% to 3,093.08. Shares of ViacomCBS, the media goliath led by Shari Redstone, took a nosedive this week, with the company losing more than half of its market value in just four days. The stock was as high as $100 on Monday. By the close of trading on Friday it had fallen to just over $48, a drop of more than 51 percent in less than a week. That meant Credit Suisse and … When the market decides that it likes ViacomCBS again, the share-price rally could be powerful. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Previously operated by Blockbuster Entertainment, Inc., the company expanded … And that was before the novel coronavirus pandemic. On an up-and-down day for stocks, NVIDIA tumbled after a disappointing quarter, but Viacom reported revenue and profit growth. The stock began reversing after ViacomCBS announced a secondary offering worth $3 billion after hours on March 22 -- diluting investors by about 5% at the time -- … On an up-and-down day for stocks, NVIDIA tumbled after a disappointing quarter, but Viacom reported revenue and profit growth. Viacom’s stock has gained over 10% since the fourth-quarter earnings beat and comfortably outpaced the Zacks categorized Media-Conglomerates industry in the last one month. CBS Corp and Viacom Inc are in the final stages of negotiating an all-stock merger that values Viacom at a discount to its closing price on Friday, two sources told Reuters. The gap between workers and C.E.O.s widened during the pandemic as public companies granted top executives some of the richest pay packages … Article continues below advertisement. What happened Shares of ViacomCBS (NASDAQ: VIAC) ( NASDAQ:VIAC.A ) fell as much as 18.4% on Thursday morning, hamstrung by a disappointing fourth-quarter earnings report. Viacom, currently the fourth-biggest entertainment company, will swap 1.085 of its Class B shares for each share of CBS, or $48.89 a share, very close to CBS's closing stock … CNBC - Jessica Bursztynsky • 19d. A high-level overview of ViacomCBS Inc. (VIAC) stock. Trading at roughly $12 a little over a year ago, ViacomCBS’s stock rose to about $50 by January. ViacomCBS Inc. (VIAC) Stock Price: $42.65 USD 0.23 (0.54%) Updated Jun 1, 2021 2:44 PM EDT - Market open. About an hour ago, it … After wild ride courtesy of Archegos, VIAC stock got a double upgrade because Viacom acquisition is a possibility amid streaming war. No sooner had Viacom shares recovered from that sell-off, though, than we got today's news: ViacomCBS is selling $3 billion in stock, diluting its shareholders -- … Financials. The Dow gained 6.44 points, or 0.02% to close at 27,681.24. It seems that this has happened recently with VIAC stock. 60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). ... (Viacom … ViacomCBS stock rallied for 13 straight weeks before topping out at $101.97 on March 15. The media companies’ all … (Money & Investing, June 2) was a woefully incomplete analysis of Viacom's separation from CBS and … 3) Viacom/CBS could be acquired for at least double today's price.

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