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This should drive price lower.
Two factors have conspired to drive CBS's share price lower.
Its chairman, Albert L. Lord, has said publicly that he will not accept a price lower than $60 a share.
The company said that the stock strategy would make the acqusition price lower because it would reduce investment banking fees.
But like Mr. Pincus, he is convinced that the Google auction will set the price lower than the company's forecast.
And if you cut price, lower costs or higher volumes are needed to prevent profits from dipping.
Analysts said warm weather in the Northeast and Midwest, reducing the demand for heating, had helped pull the price lower.
Shorting is not against the rules, but trading after making up rumours in order to drive the price lower is.
To satisfy its sweet tooth, most years it imports some, at a price lower than the home-grown cane.
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The higher-price, lower-volume pattern was evident in Westchester.
Archives|AVERAGE PRICE LOWER.; Nearly All of Preceding Week's Advance Now Lost.
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