CBS’s Stock Rebound Continues

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Wednesday marked another strong day for CBS Corp. shares.


At the Closing Bell, the company’s stock rose to $59.30 — just shy of the $60 mark last seen on Jan. 22.

It’s more welcomed news for CBS, which was under $50 a share on Memorial Day.

Should the growth continue, anything higher than $60.17 would be cause for a minor celebration. That is because this reflects the closing price seen on Dec. 18, 2017, and is the highest level for CBS since it started to falter somewhat in late August 2017.

Furthermore, it could give long-term investors reason to continue to hold CBS stock. While dependable, it was valued at $59.14 in October 2013 and has yet to hit the $70 mark.

 

How did other media companies fare on Thursday? Visit the Wall Street Report on the homepage of RBR.com for more!


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