Gabelli Funds LLC has trimmed its position in
Paramount Global. Conversely,
Shah Capital Management has acquired over a million shares, indicating variance in investment strategy. Despite some turbulence and a record drop below $10, Paramount Global shows resilience, bouncing back on second-quarter earnings. The stock further jumps amid reports of a new bid for its parent company, and renewed
BET sale talks. However, stock instability also mirrors various developments including the sell-off by
Warren Buffett and
CEO dismissal. Amid this turbulence, impressively, Paramount reports its first streaming profits. The interest in Paramount Global only intensifies with rival bids ranging to the tune of $4.3 billion. Despite Warren Buffett's stake sell off, paramount Global agrees to merge with
Skydance Media, sparking a surge in stock. Analysts are bullish on its prospects with stocks trading higher by approximately 8%. However, not all is rosy as stocks dip again with a potential deal with Skydance raising questions among shareholders. Yet, the company closes on a high note with stocks jumping 13% after a reported $26 billion
Sony-Apollo takeover bid.
Paramount Global Stocks News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sun, 22 Sep 2024 11:44:41 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -3
