Paramount Global is attracting significant attention from investors and analysts. Investment companies like
abrdn plc and
Entropy Technologies LP have significant holdings in Paramount, while others such as
Sumitomo Mitsui DS Asset Management Company Ltd and
KBC Group NV have recently sold their shares. Similarly,
Wilsey Asset Management Inc is holding a $19.90 million stake. Notably, the stock is considered an attractive
arbitrage play and a top momentum pick for the long term. Q4 2024 results are awaited with anticipation, with expectations of beating estimates. Paramount's
acquisition by Ellison Family has cleared the EU regulatory hurdle, while the media conglomerate is reportedly gaining from a competing takeover bid. There is high options trading activity with investment management companies either buying or selling the stock. Furthermore, the shares were recently upgraded to buy, with a price target set at $13, ending
dispute with Nielsen. Paramount is seen as outperforming the Nasdaq while also being considered for portfolio addition. The stock has attracted attention amid its aggressive growth strategy despite the recent layoffs announced.
Project Rise Partners are bidding for Paramount shares as the company transitions towards the streaming market.
Paramount Global Stocks News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 15 Feb 2025 00:41:30 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
