120 days ago • Posted by Martin Boujol
Viacom CBS stock lost half its value over a week
Viacom CBS's stock price started to fall last week when the company announced they would issue $3 billion in a new stock offering. It was also downgraded by Well Fargo. What’s changed is Viacom went from a net short position where there was a squeeze, and not a lot of stock available, and then the company issued a lot of new stock, lowering their individual value.
Source: CNBC, FT