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Why CBS Stock Rose 12% Last Month

TheMotleyFool

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Shares of CBS (NYSE: CBS) gained last month as the broadcaster reported better-than-expected profits in its third-quarter earnings report and investors anticipated the now-completed merger with Viacom (NASDAQ: VIA) (NASDAQ: VIAB). According to data from S&P Global Market Intelligence, the stock finished November up 12%.

As the chart below shows, the stock gained throughout the month except for a temporary setback after its earnings report came out.