Full Answer
Why is Viacom stock down?
Feb 16, 2022 · What happened Shares of entertainment company ViacomCBS ( PARA -0.08% ), which announced Tuesday evening that it's changing its name to Paramount Global, reported earnings last night. Today, shares...
Why did Viacom stock fall?
Apr 02, 2021 · On March 23, ViacomCBS topped $100 a share, which valued the parent of CBS, Nickelodeon, MTV, Comedy Central, Showtime and Paramount Pictures at $60 billion. Late last week, the stock collapsed....
Who is ViacomCBS owned by?
Feb 16, 2022 · ViacomCBS (NASDAQ: VIAC) has rebranded itself as Paramount Global, effective Feb. 17, and will be traded under the new ticker symbols “PARAA” for Class A shares and “PARA” for Class B shares.
Why is ViacomCBS stock up?
Feb 08, 2022 · What happened to Viacom stock in March? On March 23, ViacomCBS topped $100 a share, which valued the parent of CBS, Nickelodeon, MTV, Comedy Central, Showtime and Paramount Pictures at $60 billion. Late last week, the stock collapsed. The rout continued Monday, resulting in a five-day sell-off that erased more than $30 billion in market value.
What happened with ViacomCBS?
To put a bow on it all, ViacomCBS will be renamed Paramount Global—after the company's more-than-century-old Hollywood film studio—and its stock ticker will change to “PARA” on Thursday.Feb 16, 2022
Did VIAC change ticker?
The VIAC ticker symbol is no longer in use. That's unfortunate for the company known now as Paramount Global to Nasdaq. On its final day under the old ticker symbol, a $6.41 single-session slump was seen by the company formerly known as ViacomCBS.Feb 18, 2022
Who owns stock in Viacom?
What type of owners hold ViacomCBS Inc stock?NameHoldValueGoldman Sachs Group Inc2.44%$570.14MSusquehanna International Group Llp2.10%$489.20MGeode Capital Management LLC1.87%$436.19MPartners L. P. Bvf1.82%$423.85M6 more rows
What is the difference between Class A and Class B stocks?
When more than one class of stock is offered, companies traditionally designate them as Class A and Class B, with Class A carrying more voting rights than Class B shares. Class A shares may offer 10 voting rights per stock held, while class B shares offer only one.
Does paramount own CBS?
Television Studios, it is also the television production arm of The CW (in which Paramount has a 50% ownership stake)....CBS Studios.FormerlyParamount Television (1967–2006) CBS Paramount Television (2006–2009) CBS Television Studios (2009–2020)OwnerParamount Global10 more rows
How much is Shari Redstone worth?
$3 billionWith the messy 'Succession'-like storyline laid to rest with her father, Shari Redstone still has to prove she can keep the family's $3 billion fortune intact.
Who is Vanguard owned by?
Vanguard is owned by the funds managed by the company and is therefore owned by its customers. Vanguard offers two classes of most of its funds: investor shares and admiral shares....The Vanguard Group.TypePrivateFounderJohn C. BogleHeadquartersMalvern, Pennsylvania, U.S. , United StatesKey peopleMortimer J. Buckley (Chairman & CEO)8 more rows
What is Vanguard investor?
Vanguard is one of the world's largest fund managers, pioneering index investing in the 1970s and launching its UK DIY platform in 2017. It offers general investing accounts, stocks and shares Isas, junior Isas and Sipps.
What is total return swap?
Archegos relied on so-called “total return swaps,” which are brokered by Wall Street banks for a fee and allow investors to collect profits (or sustain losses) on a stock portfolio. Advertisement. A spokesman for Archegos declined to comment.
Who is Shari Redstone's father?
Shari Redstone stepped in to assist her ailing father, the late media tycoon Sumner Redstone, after a tumultuous period and a high-profile legal battle waged with his former female companions. In the aftermath, the Redstone family ousted Viacom’s longtime chief and his allies on the board.
Who is Meg James?
Meg James is a corporate media reporter for the Los Angeles Times, covering the business of television and digital disruption in the entertainment industry. She has been a member of the Company Town team for more than a decade. She previously wrote for the Miami Herald and the Palm Beach Post.
Are investors overreacting to news of a stock offering?
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
ViacomCBS ( NASDAQ:VIAC) shareholders cannot catch a break. Last week, shares of the broadcaster (and over-the-top streamer) tanked on news that two separate analysts had downgraded the stock.
So what
As ViacomCBS announced last night, it will run concurrent offerings of $2 billion worth of new Class B common stock and $1 billion worth of Series A mandatory convertible preferred stock.
Now what
Now, the news isn't entirely bad.
What stocks does MarketBeat like better than Viacom?
Wall Street analysts have given Viacom a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Viacom wasn't one of them.
When is Viacom's next earnings date?
Viacom is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.#N#View our earnings forecast for Viacom.
How were Viacom's earnings last quarter?
Viacom, Inc. (NASDAQ:VIA) posted its earnings results on Wednesday, August, 4th. The company reported $0.58 EPS for the quarter. The firm had revenue of $82.20 million for the quarter. Viacom had a net margin of 3.63% and a trailing twelve-month return on equity of 22.32%.#N#View Viacom's earnings history.
How often does Viacom pay dividends? What is the dividend yield for Viacom?
Viacom declared a dividend on Thursday, July 22nd. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.1813 per share on Wednesday, September 15th. The ex-dividend date is Tuesday, August 31st.#N#View Viacom's dividend history.
Is Viacom a good dividend stock?
Viacom pays an annual dividend of $0.73 per share and currently has a dividend yield of 6.34%. VIA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.#N#View Viacom's dividend history.
Who are some of Viacom's key competitors?
Some companies that are related to Viacom include Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE), VivoPower International (VVPR), EuroSite Power (EUSP), Endesa (ELE) and Premier Power Renewable Energy (PPRW).#N#View all of VIA's competitors.
What other stocks do shareholders of Viacom own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Viacom investors own include Viacom (VIAB), Energy Transfer (ET), AT&T (T), SunCoke Energy Partners (SXCP), Gilead Sciences (GILD), Tesla (TSLA), Cornerstone Total Return Fund (CRF), The Walt Disney (DIS), Ford Motor (F) and Lumen Technologies (LUMN).