Paramount Global’s Stock Price Plummets to $11.21, Experiencing a 4.27% Decline

Paramount Global (PARA)

11.21 USD -0.50 (-4.27%) Volume: 23.11M

Paramount Global’s stock price is currently valued at 11.21 USD, experiencing a significant drop of -4.27% in the recent trading session with a substantial trading volume of 23.11M. The company’s stock performance has been turbulent this year, with a year-to-date (YTD) percentage change of -24.21%, reflecting the challenges in the market.

Latest developments on Paramount Global

Recent financial woes have taken a toll on Paramount Global‘s stock price (NASDAQ:PARA), with the company being placed on a “Credit Watch Negative” by S&P Global due to weak cash flow trends. This negative outlook, coupled with growing competition in the streaming market, has led to a drop in stock prices. This was further exacerbated by significant share sales from PNC Financial Services Group and Korea Investment Corp. Despite this, Paramount Global remains a potentially attractive prospect for investors, with HSBC Holdings PLC and DekaBank Deutsche Girozentrale acquiring substantial shares.

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 creates and distributes entertainment content, has a positive long-term outlook according to Smartkarma Smart Scores. The company scored a 5 for value, indicating that it is considered a good investment opportunity. It also received a 4 for dividends, meaning it is expected to provide stable returns to investors. However, the company scored lower in growth with a 2, indicating that it may not see significant growth in the future. The scores for resilience and momentum were both 3, suggesting that the company is moderately resilient and has average momentum in the market. Overall, Paramount Global is expected to continue to serve customers worldwide and maintain its position as a strong player in the media industry.

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