CBS, Comcast Stocks Hit 52-Week Highs
With the first quarter of 2012 nearing its end, the shares of the entertainment and cable companies gained on Monday.
NEW YORK -- CBS Corp.'s and Comcast's stocks hit 52-week highs Monday as entertainment industry investors appear to remain confident on their outlook.
With the end of the first quarter nearing, shares of CBS went as high as $32.56 during the first trading session of the week, setting a 52-week high after hitting highs earlier this month.
The company, led by CEO Leslie Moonves and controlled by chairman Sumner Redstone, closed at $32.42, giving it a market value of $19.6 billion, according to Bloomberg. The stock's 52-week low was $17.99 in October.
Meanwhile, NBCUniversal controlling shareholder Comcast also hit a 52-week high Monday. The stock reached $30.39, well above its year-low of $19.19 set in August. The cable giant, led by chairman and CEO Brian Roberts, ended the day at $30.35 with a market value of $63.6 billion.