Royal Bank of Canada and
Voloridge Investment Management LLC maintain significant shares in
Paramount Global. However, amidst a bribery investigation, the company stocks fell drastically, resulting in institutions like
Nuveen Asset Management LLC and
Ameriprise Financial decreasing their holdings. Significant investment movements were noticed as
Two Sigma Advisers LP bought 175,800 shares, while
UBS ASSET MANAGEMENT and
Alpine Global Management LLC sold large numbers of shares.
Citigroup downgraded Paramount Global amidst this turbulence. Earnings forecasts from
JPMorgan Chase & Co speculate a $10 price target, amidst growing volumes of put options. Other hedge funds such as
Woodline Partners LP and
Hudson Bay Capital Management LP purchased thousands of shares, highlighting the inconsistent market sentiment around Paramount Global. Despite promising earnings and long-term momentum, investors are cautioned about the bearish sentiment.
The Manufacturers Life Insurance Company,
Centre Asset Management LLC, and others have sold their shares. Meanwhile,
Deutsche Bank AG,
Citigroup, and
Algert Global LLC showed renewed interest in the stock, despite threats from potential recessions. The extensive volatility and mixed responses from Wall Street analysts indicate indecision in the market.
Paramount Global Stocks News Analytics from Wed, 30 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 16:27:54 GMT -
Rating -4
- Innovation 2
- Information 8
- Rumor -2
