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Why CBS Stock Gave Up 18% in August

TheMotleyFool

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Shares of CBS (NYSE: CBS) headed lower last month after the company's merger with Viacom (NASDAQ: VIA) was widely panned by Wall Street.

The reunion between the two companies had been expected by the market, but investors seemed to be suspicious that the new company would be able to compete in a fast-changing media industry. According to data from S&P Global Market Intelligence, the stock finished down 18% last month.

Image source: Getty Images.

Source Fool.com

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