Viacom shares fall for second day after scaling $100 mark

Paramount Global

17/03/2021 15:34

** Shares in ViacomCBS  VIAC.O  Class B were down 9.8% and on
track for their biggest one-day percentage drop since Jan 28
days after the stock surpassed $100 for the first time
    ** VIAC, which had no clear news catalyst on Wednesday, last
traded at $86.77. It had hit an intraday record of $101.97 on
March 15.
    ** Trading volume was already 0.6334 times 10-DMA
    ** About 15% of Viacom's float was sold short as of March
16, According to FIS Astec Analytics data. This compares with
short exposure to ~19% of the float as of Feb 26 according to
data from Refinitiv.  

 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))