On August 13, 2019, the Viacom logo is spotted outside the company’s headquarters in New York City. – CBS as well as… [+] On August 13, 2019, Viacom announced that they have signed an agreement to merge their entertainment empires in the latest media mega-merger, as broadcasters introduce more direct-to-consumer screening alternatives. (AFP photo by Johannes EISELE) (The photo should be credited to JOHANNES EISELE/AFP via Getty Images.)
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The stock of ViacomCBS (NASDAQ: VIAC) has risen by more than 12% in the recent week. In the previous 10 days, the stock has risen 8%, while in the last month, it has risen 6.6 percent. The key driver of the recent increase has been rumours that media conglomerate Comcast is mulling a bid for ViacomCBS to bolster its streaming strategy. At the same time, ViacomCBS is implementing internal changes at Paramount+ to prioritize streaming. If the merger occurs at some point in the future, it will likely combine Peacock and Paramount+, as well as Universal Pictures and Paramount Pictures, giving all three companies more resources. While the re-merger of Viacom and CBS increased the company’s size, it still pales in comparison to Comcast. With the market plainly saying that when it comes to media firms and streaming, bigger is better, talk of a transaction between Comcast and ViacomCBS has piqued investors’ interest. In compared to VIAC’s 12 percent gain, the S&P 500 index has dropped 1.6 percent in the last week. When we look at the last month, VIAC stock has increased by 6.6 percent, compared to a 2% increase in the S&P 500. Is VIAC stock poised to surge much higher, or should we expect a correction? Based on our machine learning study of VIAC stock price movements over the previous ten years, we predict there is a 61 percent likelihood of a gain in VIAC stock over the next month (21 trading days). For more information, see our VIAC Chance of Rise analysis.

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VIAC 6.6 percent vs. S&P500 2%; VIAC 6.6 percent vs. S&P500 2%; VIAC 6.6 percent vs. S&P500 2% Market outperformed (22 percent likelihood event; 61 percent probability of rise over next 21 days)
In comparison to the overall market, ViacomCBS stock has increased 6.6 percent in the last twenty-one trading days (one month) (S&P500) a 2 percent increase
A shift of 6.6 percent or more over twenty-one trading days is a 22 percent chance occurrence, and it has happened 550 times out of 2517 times in the last ten years.
On 337 of the 550 times, the stock moved in the positive direction over the next twenty-one trading days.
This indicates that the stock has a 61 percent chance of gaining during the following twenty-one trading days.

ADDITIONAL INFORMATION FOR YOU
VIAC 7.9% vs. S&P500 0.5 percent in ten days; outperformed market (10 percent likelihood event; 67 percent probability of rise over next 10 days)
In comparison to the overall market, ViacomCBS stock has increased 7.9% in the last ten trading days (two weeks) (S&P500) a 0.5 percent increase
A change of 7.9% or more over ten trading days is a 10% chance event, and it has happened 262 times out of 2517 times in the last ten years.
On 175 of the 262 times, the stock has witnessed a positive movement during the next ten trading days.
This indicates that the stock has a 67 percent chance of gaining in the next ten trading days.

VIAC 12 percent vs. S&P500 1.6 percent in five days; outperformed market (Extremely rare event)
In comparison to the overall market, ViacomCBS stock climbed 12 percent over a five-day trading period ended June 28, 2021. (S&P500) a 1.6 percent increase
A change of more than 12% over five trading days (one week) is a very rare occurrence, occurring 46 times out of 2517 occasions in the last ten years.
On 23 of the 46 times, the stock has moved in the positive direction over the next five trading days.
This indicates that the stock has a 50% chance of gaining in the following five trading days.

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