On March 8, CBS Corporation shares went ex-dividend.
Investors appear to be bearish on the company in recent weeks, with shares moving back to where they were at the start of Q1.
That’s not good, since CBS shares hadn’t been that low since September 2015.
As of 3pm Eastern, CBS was trading at $48.15, off 55 cents from Thursday’s close. At the closing bell a slight rebound had been logged, with shares down 47 cents, to $48.23.
In immediate after-hours trading, a penny was gained back by CBS.
With a 1-year target price for CBS still at $61.81, it remains to be seen if investors can warm to the company’s stock in the coming weeks.
The company’s Q1 2018 earnings are due May 2.