Investment activities in
Paramount Global (NASDAQ:PARA) have caught significant attention.
D.A. Davidson & CO. and Vanguard Personalized Indexing Management LLC have increased their stake in the company while
Panagora Asset Management Inc. and Avantax Advisory Services Inc. reduced their holdings.
Beacon Pointe Advisors LLC and BI Asset Management Fondsmaeglerselskab A S also have substantial positions in Paramount Global. Several analysts have a wide range of
target prices for the company, adding to its speculative appeal.
Warren Buffett’s revelation about selling his stake has stirred a bearish sentiment around the stock. Despite this, the shares have shown considerable volatility,
outperforming rivals on strong trading days but also underperformed at times.
M&A rumors have also generated a buzz, with Paramount Global confirmed to be in talks with
Skydance Media. Multiple bids have reportedly been made, with Sony and Apollo Global Management making a $26 billion bid and Byron Allen proposing a $30 billion buyout. These negotiations have impacted the company’s share price greatly, with it soaring at times during talks. Concurrently, there's an allegation that four board members are stepping away amid these merger discussions. Despite speculation about the firm’s future, it continues to perform well operationally, with
Q1 earnings beating estimates.
Paramount Global Stocks News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 26 May 2024 11:05:49 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -3
