The **Paramount Global Stocks** (NASDAQ: PARA) is attracting significant interest with various developments making the news. Despite a fluctuating performance, the stock has shown considerable resilience and even outperformed the market in numerous instances. Paramount has been partaking in massive layoffs; however, Q3 financial results are to be reported in November 2024. Notable purchases by **Watts Gwilliam & Co. LLC**, **Creative Planning**, **Healthcare of Ontario Pension Plan Trust Fund**, and **Squarepoint Ops LLC** have further influenced the market sentiment. Paramount Global shares witnessed a slump under $10, a record low since Viacom & CBS Merged though the company issued a quarterly cash dividend.The future is uncertain for Paramount Global as a skydancer deal got killed, CEO dismissal looms, and it faced stock decline after deal collapse. On a brighter note, the stock surged after the announcement of a cut in 15% of the US workforce coupled with second-quarter earnings. Mergers and acquisitions rumours with Skydance Media and an overture from Byron Allen for a $30 billion buyout added volatility. Notably, speculation is rife about a fresh bid for the company; a take-private deal report and a report of revived BET sale talks served to boost prices.
Paramount Global Stocks News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Fri, 11 Oct 2024 21:21:00 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor -3