The stock is currently at its all-time high of $84. There are multiple factors responsible for the recent rally, but following are some of the most significant factors which boosted VIAC stock: The launch of its streaming service Paramount+ on 4th March 2021. This includes 30,000 TV episodes, 2,500 movies, 1,000 live sporting events, and live news.
Full Answer
Why is Viacom stock down?
Mar 03, 2021 · What happened Shares of ViacomCBS ( PARA -0.58% ) jumped 33% in February, according to data provided by S&P Global Market Intelligence, after the company announced earnings and a new streaming...
Why did Viacom stock fall?
Some people just cruise around and pump these stocks up. B) Viacom struggled for a long time against streaming services and tried to hold out for larger sums of money for the streaming rights. They never really settled out. They have come and gone on most emergent TV streaming platforms. Viacom and CBS re-merged in late 2019.
Who is ViacomCBS owned by?
Mar 24, 2016 · Viacom stock is finally looking up Viacom’s (VIAB) restructuring program seems to be reaping strong results. The company’s stock price has risen about 7.3% in the past one month.
Why is ViacomCBS stock up?
Feb 06, 2021 · That likely contained fee increases, which will boost Viacom's affiliate revenue. The boost came just before a band of retail investors began targeting heavily shorted stocks in January, attempting...
Why did Viacom stock rise?
A combination of factors combined for a breathtaking surge in VIAC stock. Among the biggest factors: the company launched its Paramount+ streaming service on March 4, 13 key CBS TV affiliates signed multi-year contract renewals in January, and retail investors began to target VIAC shares.Aug 13, 2021
Is ViacomCBS a good buy now?
Summary. ViacomCBS has a moat-worthy collection of assets, and its streaming business is rapidly growing. It maintains a strong balance sheet with plenty of cash on hand, and pays a well-covered dividend. It's seen material share price weakness in recent months, and appears to be trading in bargain basement territory.Jan 7, 2022
Is ViacomCBS a buy or sell?
Jim Cramer says ViacomCBS is a buy, sees room for the stock to run.Jan 12, 2022
Is Viacom overvalued?
At its current price of $41.7 per share and the market cap of $27.1 billion, ViacomCBS stock is estimated to be significantly overvalued.Jun 5, 2021
Why is Viacom so low?
Revenues had been flat for the past few years, and then declined in 2020 as Covid took its toll. The lack of growth is due to a popular trend: cord-cutting. Simply put, cable channels aren't worth the same to consumers as they were a decade ago.Aug 20, 2021
Who is buying Viacom?
CBSCBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion.
What is Viacp?
ViacomCBS intends to apply to list the Mandatory Convertible Preferred Stock on The Nasdaq Global Select Market under the symbol “VIACP.”Apr 25, 2021
Can you email Jim Cramer?
Cramer takes live calls as host of CNBC's "Mad Money" and email questions and comments through the station. The show is carried live at 5 p.m. Eastern Time weekdays. The call-in number is 1-800-743-CNBC. Cramer's company email address is [email protected].
Is ViacomCBS undervalued?
The firm points out that ViacomCBS, which is having “greater success in streaming” as it now spends billions of dollars annually on content, is still significantly undervalued when compared to rivals like Netflix and Disney.Jan 10, 2022
What happened to 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
How much did Hwang pay to settle the SEC charges?
Hwang and his firms agreed to pay $44 million to settle the SEC’s charges. It’s not clear when Hwang’s Archegos Capital Management took its large positions in Chinese internet companies, including Tencent Music Entertainment Group, and U.S. media companies ViacomCBS and Discovery.
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.
Is Viacomcbs a bullish company?
One year after panic on Wall Street, media stocks including ViacomCBS, Discovery and Disney are booming. Investors are bullish on companies with streaming services. ViacomCBS, as one of the smallest of the major media companies, has unique challenges.
Who owns ViacomCBS?
Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Billy Duberstein owns shares of ViacomCBS Inc and Walt Disney. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Walt Disney.
When will Paramount+ be released?
So what. In January, ViacomCBS announced that it would be unveiling its new streaming service Paramount+ on March 4. In response, one analyst at Needham boosted her price target, believing the new streaming megabundle will boost ViacomCBS' valuation, as investors have generally boosted media stocks like Disney ...
VIAC Target Price
VIAC price target in 14 days: 33.953 USD* upside and 27.517 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
ViacomCBS Inc ( VIAC ) Stock Market info
Recommendations: Buy or sell ViacomCBS stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the ViacomCBS share forecasts, stock quote and buy / sell signals below. According to present data ViacomCBS's VIAC shares and potentially its market environment have been in bearish cycle last 12 months (if exists).
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What happened
Shares of entertainment company ViacomCBS (NASDAQ: VIAC), which announced Tuesday evening that it's changing its name to Paramount Global, reported earnings last night. Today, shares of Paramount (the name change has already gone into effect) are down 21.7% as of 11:30 a.m. ET.
So what
Don't think the name change is the reason for the stock selling off. Today's decline is all about the earnings.
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In a one-two punch to the gut, ViacomCBS stock gets double downgraded
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
Shares of broadcaster (and over-the-top streamer) ViacomCBS ( NASDAQ:VIAC) tumbled 10% through 11:45 a.m. EDT Wednesday after two separate analysts downgraded the stock within hours of each other.
So what
First to downgrade ViacomCBS today was Australian investment bank Macquarie. StreetInsider.com reported today that Macquarie cut ViacomCBS stock to "underperform" with a $78 price target, but gave no further details on that move. But separately, BMO Capital downgraded the stock -- also to "underperform" -- and on this one we do have some detail.
Now what
On top of all this, BMO says ViacomCBS stock has just plain "run too far" and climbed too high -- and whatever you think about the analysts' other objections, it's hard to argue with this one.
