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Stocks linked to Archegos bounce back reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
ViacomCBS, Discovery both fall 27%, leading media stock selloff reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
ViacomCBS, Discovery shares decline after recent records reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
ViacomCBS, Discovery shares decline after recent records By Sinéad Carew Reuters (Reuters) - Shares in ViacomCBS and Discovery Inc tumbled on Wednesday, pausing a rally that has seen the stocks soar this year on increased appetite for value names, newly launched streaming services and an unwinding of bearish investor bets. ViacomCBS Class B shares last traded down 4.4% at $92.02 after hitting a record of $101.97 on March 15. Discovery shares last traded down 3.6% at $73.09 after hitting a high of $76.61 on Tuesday. ViacomCBS and Discovery have gained 146% and 142% year-to-date, respectively, as investors piled into undervalued names on expectations of a broader reopening of the U.S. economy while also eyeing direct-to-consumer streaming services that could help the more traditional media companies compete against newer rivals. ....
ViacomCBS, Discovery shares decline after recent records Toggle share menu Advertisement ViacomCBS, Discovery shares decline after recent records FILE PHOTO: The ViacomCBS logo is displayed on the Nasdaq MarketSite to celebrate the company s merger, in New York, U.S., December 5, 2019. REUTERS/Brendan McDermid 18 Mar 2021 03:30AM (Updated: 18 Mar 2021 06:14AM) Share this content Bookmark NEW YORK: Shares in ViacomCBS and Discovery Inc tumbled on Wednesday (Mar 17), pausing a rally that has seen the stocks soar this year on increased appetite for value names, newly launched streaming services and an unwinding of bearish investor bets. ViacomCBS Class B shares last traded down 4.4 per cent at US$92.02 after hitting a record of US$101.97 on Mar 15. Discovery shares last traded down 3.6 per cent at US$73.09 after hitting a high of US$76.61 on Tuesday. ....