Paramount Global has been receiving significantly mixed reviews, given the fluctuating performance of its stocks. The shares have been purchased by Franklin Resources Inc., Geode Capital Management LLC and Stifel Financial Corp. but sold by HighTower Advisors LLC, Cerity Partners LLC and UBS ASSET MANAGEMENT AMERICAS LLC. The company's shares have seen some underperformance despite daily gains on several days. The stock plunged 31% in a year, leading to speculations of whether it should be bought, sold, or held. However, Wall Street's attitude remains unclear. On some occasions, the stock outperformed competitors but still fell short in terms of market performance. Despite incurring losses due to Skydance drama and its stock falling under $10, Paramount Global is recognized as a top streaming stock and a strong momentum stock due to its potential long-term value. It did well with Q3 earnings, beating estimates although the stock faces headwinds amid a streaming shift. Its acquisition of an $8B Skydance Media deal contributed to a surge in shares, but the buyout saga also saw its stock fall 7%. Reports of massive layoff plans have led to uncertainties.
Paramount Global Stocks News Analytics from Wed, 03 Apr 2024 07:00:00 GMT to Sat, 28 Dec 2024 21:42:21 GMT -
Rating 0
- Innovation 5
- Information 5
- Rumor 2
