Paramount Global’s Stock Price Dips to $12.02, Recording a 4.91% Decline: An Analysis of PARA’s Market Performance

Paramount Global (PARA)

12.02 USD -0.62 (-4.91%) Volume: 17.06M

Paramount Global’s stock price stands at 12.02 USD, witnessing a decline of 4.91% this trading session with a trading volume of 17.06M, reflecting a year-to-date percentage change of -18.73%, indicating a challenging performance for investors in the market.

Latest developments on Paramount Global

Paramount Global‘s stock price movements today are influenced by key events within the company, including the departure of Chief Communications and Marketing Officer Julia Phelps. The ongoing takeover battle that could reshape Hollywood, talks with Amazon about an expanded partnership, and the appointment of Jonathan Bingaman as President of Domestic Licensing & Distribution are also contributing factors. Reports of Sony cooling on a bid for Paramount have impacted investor sentiment, while the company’s exploration of partnership expansion with Amazon has generated interest. With uncertainties surrounding potential deals and executive exits, Paramount Global‘s stock price reflects the evolving landscape of the entertainment industry.

A look at Paramount Global Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Paramount Global, a media company that produces and distributes entertainment content, has received a high score of 5 for its overall value. This indicates a positive long-term outlook for the company in terms of its financial health and performance in the market.

While Paramount Global has received lower scores in growth and momentum, with scores of 2 and 3 respectively, the company still shows resilience with a score of 3. Additionally, it offers a moderate dividend with a score of 3. Overall, Paramount Global‘s strong value score suggests that it may be a solid investment choice for those looking for stability and potential growth in the media industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma