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Cbs Corp-B: New 52-Week Low Set Today (CBS)

By Nick Russo

Shares of Cbs Corp-B (NYSE:CBS) traded at a new 52-week low today of $37.05. So far today approximately 395,000 shares have been exchanged, as compared to an average 30-day volume of 4.9 million shares.

CBS Corporation is a multimedia company that operates broadcasting, television production, and publishing businesses. The Company operates television and radio stations, produces and syndicates television programs, publishes books, provides online content, as well as provides outdoor advertising.

There is potential upside of 82.0% for shares of Cbs Corp-B based on a current price of $37.15 and an average consensus analyst price target of $67.60. The stock should run into initial resistance at its 50-day moving average (MA) of $42.30 and subsequent resistance at its 200-day MA of $47.73.

In the past 52 weeks, Cbs Corp-B share prices have been bracketed by a current low of $37.05 and a high of $59.56 and are now at $37.15. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.6%.

SmarTrend is tracking the current trend status for Cbs Corp-B and will alert subscribers who have CBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cbs corp-b

Ticker(s): CBS