Entertainment Conglomerate Stocks Hit All-Time Highs
The stocks of several entertainment conglomerates hit new 52-week and all-time highs on Monday.
Viacom shares early in the trading session set a new high of $86.25, its highest level since at least 2006. About 20 minutes into the trading session, the stock was down slightly though.
CBS Corp., which like Viacom is controlled by Sumner Redstone, also saw its stock hit a new high of $63.67. It was the stock's highest price since its split from Viacom in 2006.
The two stocks' performance before the 2006 separation is difficult to compare since the old Viacom stock included the value then attributed to CBS.
Meanwhile, Walt Disney's stock hit $76.30 early on Monday, another all-time high.
Comcast's stock did the same. The stock of the owner of entertainment firm NBCUniversal went as high as $51.69 in early trading.
Also in early Monday stock market activity, the stocks of Time Warner and 21st Century Fox traded near highs.