CBS CEO sells 233,810 shares

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CBS CEO sells 233,810 shares

Bobby Raines 11/18/2013

Leslie Moonves, the president and CEO of CBS ( CBS ) , sold 233,810 shares of the company's common stock between Nov. 14 and Nov. 15. At prices ranging from $60.47 to $60.48 per share, the sale pulled in a total of $14,139,449.

IK-> The technicals for CBS ($60.25 down $0.30) are bullish with an upward trend. Recent support has been around $56.96 and recent resistance has been around $61.07. Standard & Poor's has a five STARs (out of five) rating on the stock. Look at the March 70/75 bear-call spread for a 35-cent credit. That's a 7.53% return and the stock has to rise 16.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: CBS

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