LogFAQs > #952245049

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Topiccbsviacom stock dropped like 50%
Lokarin
03/29/21 2:05:45 PM
#5:


ParanoidObsessive posted...
What particular news story or info caused the drop? Usually you don't get dips that severe without something prompting them (even if it's just a change of CEO or some exec saying something stupid in a soundbite or something).

It was trading $12 last year and it lept up to about $100 with their announcements to embrace streaming...

but then they didn't... oops

https://www.nytimes.com/2021/03/26/business/media/viacomcbs-stock-price-viac.html

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