Major Move Is Coming For Viacom, Inc. After Bearish Options Activity

 Major Move Is Coming For Viacom, Inc. After Bearish Options Activity

In today’s session Viacom, Inc. (VIAB) recorded an unusually high (150) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious VIAB decrease. With 150 contracts traded and 1554 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: VIAB161118P00042500 closed last at: $4.8 or 11.6% up. About 307,180 shares traded hands. Viacom, Inc. (NASDAQ:VIAB) has declined 0.45% since April 20, 2016 and is downtrending. It has underperformed by 5.01% the S&P500.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Out of 28 analysts covering Viacom Inc. (NASDAQ:VIAB), 10 rate it a “Buy”, 0 “Sell”, while 18 “Hold”. This means 36% are positive. Viacom Inc. has been the topic of 69 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Monday, November 23 by Deutsche Bank. Drexel Hamilton initiated Viacom, Inc. (NASDAQ:VIAB) on Thursday, January 14 with “Hold” rating. The firm has “Buy” rating by Bank of America given on Thursday, October 13. The firm has “Underperform” rating given on Monday, July 11 by Wells Fargo. The company was maintained on Wednesday, February 24 by Topeka Capital Markets. The company was maintained on Tuesday, October 13 by RBC Capital Markets. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Brean Capital on Monday, November 14. The rating was downgraded by Stifel Nicolaus on Monday, September 19 to “Hold”. Topeka Capital Markets maintained the shares of VIAB in a report on Wednesday, August 26 with “Hold” rating. Wunderlich maintained Viacom, Inc. (NASDAQ:VIAB) rating on Wednesday, September 21. Wunderlich has “Buy” rating and $65 price target.

According to Zacks Investment Research, “Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures, Paramount Home Entertainment and DreamWorks. MTV Networks, a unit of Viacom, is one of the world’s leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.”

Viacom Inc. offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. The company has a market cap of $14.76 billion. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries. It has a 10.39 P/E ratio. The Firm operates through two divisions: Media Networks and Filmed Entertainment.

VIAB Company Profile

Viacom Inc., incorporated on September 22, 2005, offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries. The Firm operates through two divisions: Media Networks and Filmed Entertainment. The Company’s Media Networks segment provides entertainment content and related branded products for advertisers, content distributors and retailers. The Company’s Filmed Entertainment segment produces, finances, acquires and distributes motion pictures, television programming and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Paramount Animation, Insurge Pictures, Nickelodeon Movies, MTV Films and Paramount Television brands.

More recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Businesswire.com which released: “Viacom Acquires Televisión Federal S.A. (Telefe) in Argentina from Telefónica …” on November 15, 2016. Also Wsj.com published the news titled: “Shari Redstone Sees Scale in Potential Viacom-CBS Merger” on November 10, 2016. Reuters.com‘s news article titled: “Exclusive: Ahead of CBS/Viacom deal talks, sticking points emerge – source…” with publication date: November 15, 2016 was also an interesting one.

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