For the third consecutive trading session on the Nasdaq GlobalSelect market, ViacomCBS shares moved downward. By 12:45pm Eastern, volume surpassed the daily average for VIAC, as investors continued to express concerns tied to a huge equity offering while also suggesting that streaming growth trends may be a tad exaggerated.
The company led by Bob Bakish has now priced its stock offerings. And, it now has to deal with a downgrade from one of Wall Street’s most respected media analysts.
