Earnings

How Insiders and Institutions are Trading CBS Corporation (CBS)

Recent insider trends for CBS Corporation (NYSE:CBS) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CBS is anything to go by, investors should pay attention.

Institutions own 84.50% of CBS Corporation (CBS)’s shares. The total value of these holdings, in millions, is $18,615. Among active positions in the latest quarter, 301 holders increased their positions by a total of 23.99 million shares, 384 holders decreased the positions by a total of 26.04 million shares, and 120 holders held their positions. This works out to a net decrease in ownership of 2.05 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 72 holders initiated new positions by a total of 6.08 million shares and 82 holders exited their positions by a total of 6.13 million shares. This nets out to a decrease of 48356 shares and is another bearish sign for CBS.

In the last three months, insiders executed a total of 20 trades. 0 of these were buys and 20 were sells. Insider ownership decreased by a total of 1.08 million shares, which suggests that CBS’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 42 buys and 93 sells, and ownership decreased by a net of 1.76 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. CBS Corporation (NYSE:CBS)’s short interest is 10.81 million shares, or 2.95% of the float. This represents an increase of 2% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CBS is a Strong sell, which implies that CBS is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that CBS Corporation (NYSE:CBS) is overvalued.

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