Paramount Global’s Stock Price Drops to $10.44, Experiencing a 2.16% Decrease: A Deep Dive into PARA’s Market Performance

Paramount Global (PARA)

10.44 USD -0.23 (-2.16%) Volume: 9.39M

Paramount Global’s stock price currently stands at 10.44 USD, experiencing a dip of -2.16% this trading session, with a trading volume of 9.39M. Despite today’s decline, the entertainment giant boasts a positive YTD change of +1.15%, signalling resilience in its market performance.

Latest developments on Paramount Global

Paramount Global‘s stock price took a hit today as a lawmaker raised concerns about the Skydance deal, calling for it to undergo scrutiny by CFIUS. This comes in the midst of Tencent’s stake in the deal drawing further scrutiny. Additionally, public interest groups have urged the FCC to review Skydance Media’s ties to Tencent. Despite this, Paramount Global‘s financial strength remains steady at 5 as of September 2024. Foundation Resource Management Inc. has reduced its stake in the company, further impacting its stock price. The concerns over the Skydance deal have led to a downturn in Paramount’s shares, with Fuse warning about potential harms to ad streaming. In the midst of these developments, Susan Zirinsky’s return to CBS News in an interim role has been praised by Shari Redstone. Paramount also recently announced the theatrical debut of Eric Clapton Unplugged, over 30 years later, with a 90-minute special set to premiere in February.

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 known for producing and distributing entertainment content, has received a high score of 5 for its value and a solid score of 4 for its dividend. This indicates a positive long-term outlook for investors looking for a company with strong value and dividend potential. However, the company scored lower in growth with a score of 2, suggesting that it may not see significant growth compared to other factors.

While Paramount Global scored a 3 for both resilience and momentum, indicating moderate performance in these areas, the overall outlook for the company remains favorable. With a strong focus on value and dividends, Paramount Global continues to serve customers worldwide through various platforms such as studios, networks, streaming services, live events, and merchandise, solidifying its position 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