Market Movers

Paramount Global’s Stock Price Soars to $11.09, Marking a Robust Increase of 4.82%

By November 22, 2024 No Comments

Paramount Global (PARA)

11.09 USD +0.51 (+4.82%) Volume: 11.2M

Paramount Global’s stock price is currently performing at 11.09 USD, marking a notable increase of +4.82% in this trading session, with a substantial trading volume of 11.2M. However, it’s important to note a decrease of -25.66% YTD, reflecting the stock’s overall performance.


Latest developments on Paramount Global

Paramount Global‘s stock price is experiencing fluctuations today following key events in the company’s recent history. The incoming FCC Chairman, Brendan Carr, has raised concerns about the Skydance-Paramount merger, citing a potential impact from the ’60 Minutes’ editing scandal. Trump’s FCC pick has also threatened to kill the deal over CBS connections. Despite this, Paramount Global‘s streaming service has turned profitable, with successful launches like ‘Landman’ and ‘Yellowstone’ Season 5. The company has faced challenges, including bias complaints and potential layoffs in the media industry. With ongoing reviews and price hikes in Europe, the future of Paramount Global remains uncertain.


A look at Paramount Global Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth2
Resilience3
Momentum4
OVERALL SMART SCORE3.6

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 varying scores on different factors that contribute to its overall outlook. With a high value score of 5, the company is seen as a strong investment opportunity. Additionally, its dividend score of 4 indicates a good potential for returns for investors. However, Paramount Global‘s growth score of 2 suggests that there may be limitations on its potential for expansion in the future. Despite this, the company has shown resilience with a score of 3, indicating its ability to weather economic challenges. Furthermore, its momentum score of 4 reflects positive trends in the company’s performance.

In summary, Paramount Global‘s overall outlook, as indicated by the Smartkarma Smart Scores, is positive in terms of its value and dividend potential. However, there may be challenges in terms of growth opportunities. Despite this, the company has shown resilience and positive momentum in its performance, which bodes well for its long-term prospects 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.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars