Top 10 Multinational Companies in India
India has become an attractive destination for leading multinational corporations. The entry of MNCs into India brings numerous benefits, including t…
27 Oct, 2021
7 min read
1385 Views
Shares of ViacomCBS Inc. have been in the news recently for all reasons. It can be helpful for investors to understand what’s happening with this stock, so as to shape their investment journey.
Introduction
Previously individual entities, Viacom and CBS finished up with their merger of equals in December 2019 allowing for ViacomCBS Inc. (or VIAC) to be functional. While it might strike you as an odd pairing, especially considering the companies went their own way in January 2006, it still adds up considering each of them performed poorly in terms of their equities in recent years.
That being said, despite the hype surrounding their coupling, investors didn’t seem to be taken by the new company and are sceptical of its success with the advent of streaming platforms.
Understanding the Workings Behind This Attitude
Viacom’s entertainment assets have made public their market share losses over the last decade as the company failed to work its way into the streaming industry. The controlling Redstone family were at loggerheads with one another during this time. Simultaneously CBS was able to make a comeback with its successful All-Access. That being said its roster of “cop shows” hasn’t drawn much attention from younger viewers who prefer new age spin-offs.
Analysts have had a positive outlook on the ViacomCBS stock since the two merged, and it has received Buy ratings via BoA/Merrill, Deutsche Bank and Needham. That being said, Credit Suisse downgraded the stock. Yet hedge funds have created or added to positions for the same period.
Despite these factors, the combined chart indicated a seven-year low as of February 3, 2020, indicative of scepticism via investors.
VIAC Long-Term Chart (2006-2020)
The new ViacomCBS makes use of the previous CBS price chart, which begins with the company’s split in 2006. This was followed by an uptrend that reached a peak of USD 35 in 2007. This was followed by a mainstream correction that sped up out of bounds during the 2008 economic crisis. March 2009 saw it reach an all-time low where it amounted to USD 3.06, which turned higher, thereby creating a multi-wave bounce that followed a circular path. This meant that it was able to venture back to its previous highs in 2012. In 2013 it experienced a breakout which gained momentum resulting in the stock acquiring a value of USD 68.10 in 2014 Q1.
This was followed by a decline such that by October 2015, the stock was worth USD 38.51 which was followed by a symmetrical bounce meaning that by April 2017, the stock was similarly priced as its peak in 2014 Q1.
Sellers took the reign, which now meant that in December 2018, the value of the stock dipped to USD 38.51 level of October 2015 once again. Support allowed for a weak bounce which stalled at a slightly lower high in July 2019. Ever since, the stock has been plummeting, which was punctuated by a double top breakdown in September 2019.
While a November 2019 bounce indicted resistance, it reversed after five days following the merger. This meant that there was now renewed selling pressure that surpassed the October low in January 2020.
As of February 2020, the stock has been trading at the same level it did in December 2012. The aforementioned features indicate that it is best to be cautious when considering this stock.
VIAC Short-Term Outlook
2009 to 2017, when viewed via a Fibonacci grid, indicates an uptrend in terms of double top close to the 0.50 retracement. This was majorly broken in Q4 of 2019. This huge pattern indicates a strategic move target next to the 2009 low in single digits. This serves as a warning to side-lined investors such that they abstain from exposure save for a scenario wherein a slew of positive news catalysts allow for the price to rise beyond the red line.
The stochastic oscillator operational on a monthly frequency hasn’t reached the overbought area in close to three years, indicative of major weakness. Instead, it has plummeted into the oversold zone on three occasions during the same time frame and has reached its most dire reading since 2008 as of November 2019. Despite this bullish crossover, it is hard to take it seriously as there have been several failures in recent times. Bottom fishers are therefore likely to secure superior bargains in other realms of the market universe.
Conclusion
Despite upbear Wall Street beliefs, ViacomCBS stock trades have fallen below the levels posted at the time CBS and Viacom merged in December 2019.
Frequently Asked Questions
Q1. When did Viacom and CBS first split?
A1. Viacom and CBS split in January 2006.
Q2. When did Viacom stock and CBS stock merge?
A2. Viacom and CBS merged in December 2019.
Q3. Is the Viacom CBS stock price any better as of October 2021?
A3. No, the Viacom share price (ViacomCBS) has not been faring well, and as of October 4 2021, its value is USD 39.11, indicating that it is only a single point above their October 2018 lows.
How would you rate this blog?
Related Blogs
Translate the power of knowledge into action. Open Free* Demat Account
Latest Blog
-
13 May, 2022
5 min read
Why Gold Rate is Increasing Day by Day?
There are a number of factors contributing to the rising price of gold. This article seeks to shed light on the same.
-
08 Nov, 2021
7 min read
Paytm IPO
Paytm is one of the biggest fintech platforms in India today, and is one of the latest IPOs in the Indian market. Read on to know more about the Payt…
-
28 Mar, 2021
7 min read
Fund of Funds: Should these be in your portfolio
Imagine that you wanted to install a new switch board in your room when the work from home craze started after the lockdowns.
-
20 Jul, 2021
8 min read
What is CMP in the Stock Market?
In previous times, the stock market was a physical space that traders set up offices and desks at, and stocks, shares and bonds were traded in physic…
-
10 Mar, 2022
7 min read
Russia vs Ukraine War: Impact On Indian...
The markets have reacted adversely to the Russia vs Ukraine war. Understand how the Indian stock market has been impacted.
-
28 Jan, 2022
7 min read
Long-Term Investments
Confused about what is meant by long term investments, under assets on a company’s balance sheet? Here’s all you need to know about this component of…
-
09 Jul, 2022
5 min read
Benefits of Holding Stocks for Long Term
Understand the boons associated with long-term investments such that you too can consider availing them.
-
20 Jun, 2023
3 min read
Interview with Gandharv Tongia Executive...
Company is committed to staying ahead of market trends, delivering superior products and services, and creating long-term value for stakeholders, sta…
-
05 Aug, 2022
5 min read
What is a Terminal Value?
If you’ve ever asked yourself “what is terminal value?”, you’ve come to the right place. Understand its definition, scope, and the forms it takes.
-
11 Nov, 2021
8 min read
Is Google a Good Investment?
Some analysts feel that Google is a relatively secure stock to buy both qualitatively and quantitatively. The soundness of Google's balance sheet con…
-
26 Mar, 2021
8 min read
A closer look at the Blue Economic Policy
You might have heard about the Blue Economic Policy in the news. Have you been wondering what it is all about, and what the implications will be for …
-
21 Aug, 2021
8 min read
Margin Trade Funding (MTF)
Those seeking to invest in the stock market have the opportunity to take advantage of a wide range of financial tools with which they can potentially…
-
25 Jul, 2021
12 min read
All About Commodity Market In India
Commodity markets are platforms that enable trading, buying and selling of commodities such as raw materials or primary products.
-
13 May, 2021
9 min read
What EV stocks are available and should...
EV stocks or stocks related to electric vehicles (hence the acronym EV) becoming increasingly popular as the world becomes more conscious of its carb…
-
27 Jun, 2021
8 min read
The buy-and-never-sell type of investor
Broadly, there are two types of participants in the stock market – long-term investors and traders.
-
26 Jun, 2021
9 min read
Warren Buffett's Portfolio 2021: Top 5...
When it comes to investing, the seasoned trader and the novice alike look up to the holy grail of investors - Warren Buffett.
-
07 May, 2021
8 min read
Shadow investing - how reliable is it?
If your tyre went bust on the roadside, and you had all the material to repair your tyre, but no idea about how to do it, what would you do?
-
13 Feb, 2023
None min read
Warren Buffett's Investment Portfolio:...
Explore Warren Buffett's portfolio and learn how he became the world's sixth richest person. Follow his buy-and-hold investment strategy and discover…
-
27 Mar, 2021
7 min read
Twitter as a market forecasting tool
Most of us use one or more social media platforms in today's digital age. Remember the days when Facebook came into existence, and how everyone was f…
-
31 May, 2021
8 min read
A throwback to the biggest rises and...
There are countless proverbs that are employed to offer caution and comfort to stock market investors: This includes “what goes up, must come down” …
-
05 May, 2021
7 min read
Understanding the impact of COVID 2.0 on...
When the COVID pandemic struck India last year, Sensex plunged from the 45,000+ levels right to sub-30,000 levels within a matter of five weeks.
-
03 Oct, 2021
7 min read
IPO Advantages and Disadvantages
An initial public offering (IPO) is the process through which a company goes public by selling its stock to retail and institutional investors. Looki…
-
22 Aug, 2023
None min read
Interview with Sanjiv Keshri, CFO, Jupiter Wagons
JWL plans on doing a Rs 250 crore capex for FY24 and FY25 to expand all its businesses combined including wagons, brake systems, etc, expresses Sanji…
-
18 Feb, 2022
6 min read
LIC IPO Details: Should You Subscribe or Not?
The public offering, according to the LIC DRHP (Draft Red Herring Prospectus), is entirely an offer for sale, with the government selling a 5 percent…
-
31 Jul, 2021
9 min read
Should you invest in the Paytm IPO?
The Paytm IPO has been making headlines for over a month now, so you have undoubtedly heard about it too.
-
28 Jun, 2021
8 min read
Upcoming Healthcare Industry IPOs in 2021
All eyes are on the healthcare sector. Not just expectantly waiting for it to save the world for Covid-19, but also as an investment avenue.
-
15 Jun, 2021
8 min read
All you need to know about Lump sum investment
The term lump sum has become more relevant because of the rise of SIP investment or Systematic Investment Plans for mutual funds.
-
17 Mar, 2022
6 min read
Preference Shares: Meaning, Types and Advantages
This article helps shed light on all that preferred stock entails including its definition, types, advantages and disadvantages.
-
08 Oct, 2021
7 min read
Exploring top Retirement Savings Strategies
Saving for retirement is a smart financial strategy for anyone, whether they are 25 or 55. Here are the best strategies for retirement savings that w…
-
30 Nov, 2021
8 min read
10 Ways to Profit in a Bear Market
A bear market need not be the worst thing if you have a couple of tricks up your sleeve. Here are a bunch of strategies that call for varying levels …
-
10 Jun, 2021
10 min read
Tax Exemptions in India: Simplified
The Income Tax Act, 1961 provides numerous exemptions to taxpayers under sections 80C to 80U of the Act.
-
29 Jun, 2022
5 min read
Top 5 Best Trading Technical Indicators
Understanding the fundamentals of technical trading indicators may be quite beneficial if you monitor stock market activity on a regular basis. One m…
-
29 Apr, 2022
7 min read
Top 10 Stocks for 2022
Understand what some of the good stocks for 2022 are and learn where you ought to direct your money.
-
05 Jul, 2022
5 min read
Earnings Before Interest and Taxes (EBTA)
It's difficult to assess your company's financial health. There are a lot of numbers to think about, and they don't always add up. Accountants and fi…
-
01 Aug, 2021
9 min read
Why companies are choosing the IPO route
You're hearing about all of these upcoming IPOs from brands that you know of and probably also use - Zomato, where you place your food orders; Paytm …
-
03 Aug, 2022
7 min read
How To Diversify Your Portfolio
Understand how to diversify your portfolio and the benefits associated with this diversification.
-
08 Nov, 2021
8 min read
Upcoming IPO in Nov-2021
A number of companies have gone public this year and have successfully launched their IPOs in the market. Read on to find out more about the upcoming…
-
11 Jul, 2023
4 min read
Interview with Vikas Gupta, Managing...
Our strategies for enhancing our competitive position revolve around innovation, customer-centricity, market expansion, strategic partnerships, and o…
-
10 Apr, 2023
3 min read
K-Shaped Recovery: Definition, What It...
When different communities recover from a recession at varying rates, this is known as a K-shaped recovery.
-
29 Jul, 2022
5 min read
Buy and Sell Strategy
Understand the merits associated with the “buy low, sell high” adage and determine whether or not it is actually easy to implement this buy and sell …
-
10 May, 2021
8 min read
How do IPOs help economic recovery?
IPOs are an exciting investment opportunity for experienced and amateur investors and also a key ingredient in the cocktail that it takes to enable e…
-
16 May, 2021
7 min read
Is it Possible to Identify Moat Stocks?...
The impregnability of a fortress is defined by the effectiveness of its battlements, moats, barbican, towers, turrets and portcullis.
-
25 Aug, 2023
4 min read
Interview with Sanjay Kumar Agarwal,...
As the Indian steel industry continues to evolve, we are poised to adapt and seize the potential that these changes present, voices Sanjay Kumar Agar…
-
29 May, 2021
8 min read
Over-diversification of your portfolio is...
One of the foremost pieces of risk-management advice given to a stock market investor is: diversify your portfolio.
-
16 Jun, 2021
8 min read
All you need to know about term insurance
Insurance is one of the oldest forms of investment that exists on the investment landscape and as such you have definitely heard about it.
-
25 Oct, 2021
6 min read
Blue Chips Fuel Record
Blue-chip firms are noted for weathering economic downturns and operating financially in the face of adversity, which contributes to their long track…
-
29 Mar, 2021
7 min read
ESG Funds: The numbers behind the new...
Over the last few years, investing through funds has gained considerable popularity, and investors across the globe are looking to give their savings…
-
14 May, 2021
9 min read
Exploring the Telecom Sector as an...
Investing and trading on the Indian stock markets has the potential to bring in large returns.
-
23 Jan, 2023
None min read
Know About Hindsight Bias
Want to know a secret mistake that all of us make but do not realise? Hindsight bias is a folly that makes people waste their money, time and effort …
-
09 Mar, 2022
8 min read
Understanding Different Types of Stocks
This article makes clear the varied forms of stocks available in the stock markets today.
-
05 Jun, 2023
4 min read
Interview with Sandeep Sikka, CFO, AGI Greenpac
In addition to consumer trends, the remarkable growth of the e-commerce industry in India also plays a significant role in driving the packaging indu…
-
19 Mar, 2021
8 min read
Lessons on financial planning from IPL Auctions
Cricket and finance - sounds like polar opposites given the history of betting on each and every move that cricket fanatics in India track on their s…
-
11 May, 2021
7 min read
The most expensive shares in India
The stock market has something to offer for everyone who is looking to invest. Some stocks can cost you a few hundred rupees, while others might be s…
-
06 Jul, 2022
5 min read
Top 9 Upcoming Dividend Paying Stocks in...
The upcoming dividend stocks will be mentioned in this post, along with other crucial dividend-related concepts.
-
29 Jun, 2021
9 min read
How to make money in the Stock Market in 2021?
The idea of investing is to enable your capital to grow. In fact, capital growth is in the very definition of the verb “to invest”.
-
03 Jul, 2022
5 min read
Invest in Inflation: 5 Ways to Invest...
Understand inflation’s meaning and what assets to invest in that are protected against it.
-
29 May, 2022
5 min read
Why Elon Musk Bought Twitter: Impact on Investors
Understand what the implications of Elon Musk’s Twitter purchase are.
-
08 Mar, 2021
8 min read
Raghuram Rajan's polarizing stance on Bitcoin
Bitcoin has been in news ever since its inception around the global financial crisis of 2008, but this year, bitcoin hasn’t only been in news.
-
31 May, 2023
3 min read
Interview with V. Srinivasan, Executive...
While the general market landscape continues to be soft, we continue to see growth opportunities for our products globally, believes V. Srinivasan, E…
-
12 May, 2021
7 min read
What is the endgame for the...
With vaccinations in full swing despite the onset of the COVID pandemic, Indian stock markets seem to be taking a rather relaxed approach to COVID 2.…
-
02 Jun, 2021
8 min read
Crypto, The Volatility Hook, FOMO, and...
The democratization of the internet and access to world news has been a game-changer in how people choose to invest their money.
-
30 Jun, 2021
9 min read
Things to know before Investing in any IPO
IPOs are exciting to stock market investors in the same way that a big-ticket film release is exciting to the general population.
-
14 Jun, 2021
8 min read
All you need to know about SIP
Everyone has heard of SIP by now because it has become quite a commonly quoted term – even if it isn’t always used correctly.
-
01 Jun, 2023
None min read
Interview with Bimal Thakkar Chairman &...
Our ongoing initiatives, coupled with potential mergers and acquisitions, position us well for sustained value creation in the future, expresses Bima…
-
01 Feb, 2022
6 min read
Top 5 IPOs of 2021
Here's a rundown of the top IPOs in 2021. Continue reading to know more about it!.
-
29 Dec, 2021
5 min read
Stocks to Watch: Reliance Industries,...
Reliance Industries Share Price: A subsidiary of the Indian conglomerate Reliance Industries Limited, Reliance Industries Limited works in the refin…
-
28 Jun, 2023
3 min read
Interview with Keshav Bhajanka Executive...
We have expanded our capacity and we are going into the laminate segment as well where we are expanding our capacity, assures Keshav Bhajanka, Execut…
-
18 Feb, 2022
7 min read
LIC IPO: Benefits for Policyholders
All policyholders must ensure that their PAN data are updated in their policy records in order to be regarded as an eligible policyholder for the nex…
-
14 Aug, 2022
7 min read
What is Back Stop?
Backstop refers to the last type of support provided for unsubscribed shares or securities offered in the sale of unsubscribed shares in the stock an…
-
07 Aug, 2023
3 min read
Interview with Prateek Jain, CFO, Nippon...
Over the past few years, we have been on a relentless journey of building a user-centric digital ecosystem that is not just frictionless, but also fr…
-
11 May, 2022
8 min read
Top 7 Types of Investment Strategies in 2022
Take a look at the investment strategies provided below such that you can grow your wealth in 2022.
-
18 Feb, 2022
7 min read
LIC IPO: Expected Date, Price, DRHP
The mammoth LIC IPO might be valued at about Rs 15 trillion. Here's all you need to know about the LIC initial public offering.
-
05 Jan, 2022
8 min read
5 Stocks to Watch Out for Amid the...
Keep a watch on these stocks once the new Omicron version appears. Read on to know more!
-
12 Jun, 2023
3 min read
Interview with Mohit Saboo, Director and...
We are exploring opportunities for the export of AAC Blocks and have the vision to achieve a leadership position in the AAC block space in India, aff…
-
03 Dec, 2021
7 min read
IRCTC Stock and Share Split
A beginner investor's guide to stock split, the headline-making IRCTC stock split and its dramatic stock price spike and dip.
-
06 Jul, 2023
3 min read
Interview with Kamini Shah, Chief...
We have remained dedicated to improving our operational metrics and driving significant transformation within our organisation, resulting in notable …
-
31 Aug, 2023
10 min read
Interview with Shashidhar SK, CFO of...
We are poised to continue this upward trajectory in the upcoming quarters, leveraging our strengthened client base and fortified industry positioning…
-
30 Jun, 2023
4 min read
Interview with Sandeep Sikka, Group CFO...
We remain committed to fostering innovation, driven by the ever-changing preferences of our customers, asserts Sandeep Sikka, Group CFO, Hindware Hom…
Ready To Trade? Start with
Subscribe to #SmartSauda Newsletter
CONTINUE WITH GOOGLE
CONTINUE WITH FACEBOOK
