It is now known that the NFL is facing some issues with this whole kneeing debacle, and they aren’t going to like that outcome of the consequences if they keep it up. Not only are they having to deal with the records ratings plummeting, but they now know that their investors are not happy with the way things are going, and they are hemorrhaging.
The culprits that are pitted against the NFL: JPMorgan Chase & Co.’s Shawn Quigg. Both of them are making moves to exhort investors to stay away from CBS stock right before the big NFL Week 4 starts on the network.
Bloomberg the magazine actually had an article:
“The bank recommends buying an option that gives you the right to sell the shares at $57.50 on the likelihood that the stock will fall below that price after the company discloses ratings for the games. CBS closed at $58 on Tuesday.”