ViacomCBS (VIAC, $100.34) plans $3 billion secondary offerings
After the bell Monday, ViacomCBS announced that it will sell $3 billion in stock in two secondary offerings, for bolstering its streaming services among other purposes.
The media behemoth plans to sell $2 billion of its Class B common stock and $1 billion of its Series A Mandatory Convertible Preferred stock. It has given the underwriters separate 30-day options to buy up to $300 million of Class B common stock and up to $150 million of Mandatory Convertible Preferred.
ViacomCBS aims to use the combined net proceeds for general corporate purposes, including investments in streaming.
Oprah Winfrey's interview with Prince Harry and Meghan Markle garnered 17.1 million viewers for CBS on March 7, according to data from ratings provider Nielsen.
The National Football League announced last week that CBS has won the rights to continue broadcasting American Football Conference Sunday afternoon games for the 10-year period from 2023 to 2033. The games will be streamed live on Paramount+ also shown on the CBS Television Network. CBS will carry the Super Bowl in 2023, 2027 and 2031. The cost will reportedly be around $2 billion a year.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
PSKY in -6.69% downward trend, declining for three consecutive days on September 21, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PSKY declined for three days, in 253 of 322 cases, the price declined further within the following month. The odds of a continued downward trend are 79%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 17, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PSKY as a result. In 59 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 75%.
The Moving Average Convergence Divergence Histogram (MACD) for PSKY turned negative on September 09, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In 33 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 72%.
PSKY moved below its 50-day moving average on October 01, 2026 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.66% 3-day Advance, the price is estimated to grow further. Considering data from situations where PSKY advanced for three days, in 202 of 297 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
PSKY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 71 of 129 cases where PSKY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 55%.
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General Information
a mass media company, which creates and distributes content across a variety of platforms to audiences around the world.
Industry MoviesEntertainment
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