What happened Viacom

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 move that would dilute the equity of existing shareholders.

Why did Viacom go down?

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 move that would dilute the equity of existing shareholders.

Was Viacom a short squeeze?

Within the media industry, ViacomCBS is the most shorted name and continues to see the most new short selling over the last 30 days, making ViacomCBS a top short-squeeze candidate. … It is actually the worst performing industry for short investing in 2021 based on the amount of year-to-date market-to-market losses.

Why did VIAC sell-off?

ViacomCBS (VIAC) plans to invest the net proceeds from the sale in its streaming services. However, the tough competitive landscape and execution risk is keeping investors on edge and has led to a sharp sell-off in the stock. Notably, VIAC has lost about 28% of its value in the last three trading days.

Why did Viacom stock go up in March 2021?

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. The result was VIAC stock closing at $100.34 on March 22, for a 174% increase to that point in 2021.

How much debt does Viacom have?

The company now has a market value of about $24 billion, and net debt of about $13 billion.

Is Viacom overvalued?

GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. … 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.

What is the difference between VIAC and Viaca?

ViacomCBS is listed on NASDAQ and trades under the symbols “VIACA” for Class A common stock and “VIAC” for Class B common stock. (Class A is voting stock, and Class B is non-voting stock.) … There is no difference between the two classes except for voting rights.

Does Viacom own Fox?

Who owns which networks: … 21st Century Fox: FX, Fox News, Fox (broadcast network), Fox Sports, Fox Sports Networks, National Geographic Channel (joint venture), BigTen Network (joint venture), YES network (partial stake). Viacom: Nickelodeon, Comedy Central, MTV, Spike, BET, CMT, VH1, TV Land.

Who owns the most shares of Viacom?

StockholderStakeShares ownedThe Vanguard Group, Inc.10.29%62,416,683SSgA Funds Management, Inc.5.38%32,612,933BlackRock Fund Advisors5.03%30,488,428Susquehanna Financial Group LLLP3.11%18,885,651

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Who is shorting VIAC?

Reporting DateInvestor NamePosition Size11/17/2021Centiva Capital LP$79.0011/16/2021Navis Wealth Advisors LLC$593.0011/16/2021Jane Street Group LLC$103.05 thousand11/16/2021CTC LLC$39.12 thousand

Why did Discovery stock go down?

The drop in Discovery’s stock comes after it had a major sell-off in March (as did ViacomCBS shares) precipitated by analyst downgrades and a forced trade of billions of dollars worth of shares by an investment firm.

Why did Viacom stock go up?

ViacomCBS has faced its share of calamities: boardroom battles, epic sex scandals and turbulence over its high-stakes merger. … A year ago, ViacomCBS was trading at $13 a share. But reservations over the 2019 merger of Viacom and CBS had eased by last fall and stock in the combined company began to soar.

Is Viacom in trouble?

That shift matters because ViacomCBS has been hit hard by an overall decline in cable viewership. The company’s pretax profits have fallen nearly 17 percent from two years ago, and its debt has topped more than $21 billion.

How many stations does Viacom own?

Viacom. Company Overview: Viacom is the world’s fourth-largest media conglomerate, with interests primarily in cable television networks, programming production and distribution. Viacom controls over 160 networks that reach more than 600 million people around the globe.

What is Viacom B?

Cl B. ViacomCBS, Inc. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world.

Do I buy VIAC or Viaca?

According to our system of comparison, VIAC is a better buy in the short-term than VIACA.

What is CBS in stock market?

CBS Corporation Class B (CBS): Price and Financial Metrics Of note is the ratio of NA’s sales and general administrative expense to its total operating expenses; 84.55% of US stocks have a lower such ratio.

How many shares of Viacom exist?

LabelValueTotal Shares Outstanding (millions)607Total Value of Holdings (millions)$12,936

How many shares of Viacom are there?

Avg Vol (3 month) 311.62MShares Outstanding 5606.71MImplied Shares Outstanding 6647.41MFloat 8583.31M% Held by Insiders 13.71%

Who is Vanguard owned by?

TypePrivately held companyHeadquartersMalvern, Pennsylvania, U.S. , United StatesKey peopleMortimer J. Buckley (Chairman & CEO)

What happened to Discovery stock in March 2021?

Shares of Discovery stock fell over 40% during the week of March 22, 2021 to March 29, 2021.

Why do Disca fall?

Discovery reported a 63% decline in net income year over year, owing in part to costs related to launching the Discovery+ streaming service. … (DISCA) – Get Discovery, Inc. Class A Report shares were falling on Wednesday after the media company reported first-quarter earnings that missed analyst estimates.

Who will buy Discovery Communications?

AT&T and Discovery expect the merger to wrap up in mid-2022, assuming it clears regulatory hurdles. AT&T shareholders will own 71 percent of the new company, so it’s really more like WarnerMedia is being freed from AT&T and picking up Discovery along the way.

What countries use Viacom?

ViacomCBS Networks Northern Europe (formerly Viacom International Media Networks UK, Northern and Eastern Europe) is a regional division of ViacomCBS Networks EMEAA which serves the Netherlands, Belgium, Nordic countries (Denmark, Finland, Norway, Sweden), Germany, Austria, Switzerland, Estonia, Latvia, Lithuania, …

Is Viacom Paramount?

On July 7, 1994, Paramount Communications was absorbed into its own company, Viacom.