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CBS CEO sells 233,810 shares

By: InvestorsObserver
Posted: 11/18/2013 1:52:00 PM
Referenced Stocks: CBS

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]