Trader Radar - Tuesday May 12th
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded in 1928 as 16 independent radio stations, the world’s second oldest broadcasting network now operates popular media properties included Showtime and the CW. And despite getting hit hard on declining ad revenue the stock has seen a recent run but today it seemed investors were finally tuning out as the stock plunged on a pessimistic note by Morgan Stanley. Who is it?
A: On the trader radar tonight we’re watching CBS ! The mass media company was among the most active names on the Nyse today.