September 7, 2018
CBS Stock Climbs 3% Again As Les Moonves Watch Continues
CBS stock climbed another 3% today on twice the normal trading volume as investors continued to embrace the concept of a post-Les Moonves future for the company.
Shares finished at $56.07. That’s about three dollars shy of their level at the end of July, when The New Yorker published its damning investigative story by Ronan Farrow detailing allegations of sexual misconduct by Moonves. Even though Wall Street views the CEO as difficult to replace, the cloud of uncertainty…