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Did you catch how ViacomCBS was down around 9% Monday morning after announcing its secondary stock offering?
The company said after the bell Monday it will sell $3 billion in stock with two secondary offerings to help finance its streaming services, Paramount+ and Pluto TV — ultimately capitalizing on the recent jump in stock price.
So now we have a special situation going on in the stock market that's picking up a lot of momentum and causing small explosions in stocks.
But… I'm not hearing investors talk about it at all.
The more I look into it, the more it looks like ViacomCBS is shorting its own stock.
And I have an idea how investors could trade ViacomCBS's secondary stock offering… If they're brave enough! | | |
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