Shares of both CBS and Viacom fall sharply Wednesday, a day after the media giants formally revealed their $30 billion tie-up, after an influential analyst at Bernstein downgrades CBS and cuts his 12-month price target in a note titled, 'What a shame.'
Former presidential adviser James Carville was right about the bond market being intimidating; it is right now.
Viacom stock is under pressure despite finalizing a possible all-stock merger deal with CBS.
The technical signs do not instill a ton of confidence, though a bit of strength could change the outlook.
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