Paramount Global’s Stock Price Soars to $11.96, Marking a Robust 3.46% Increase

Paramount Global (PARA)

11.96 USD +0.40 (+3.46%) Volume: 27.06M

Paramount Global’s stock price is currently valued at 11.96 USD, showcasing a positive trading session with a surge of +3.46%. With a trading volume of 27.06M and a year-to-date percentage change of +14.34%, Paramount Global (PARA) continues to exhibit promising stock price performance in the market.

Latest developments on Paramount Global

Paramount Global stock saw significant movements today following a series of key events. Jim Cramer recommended selling Paramount Global shares, prompting investors to take profits. Despite this, Paramount Global Cl B stock outperformed competitors on a strong trading day. Yahoo made headlines by hiring former Paramount executive Josh Line as their Chief Marketing Officer, while also announcing a partnership with Paramount for CPG measurement in TV advertising. Additionally, several investment firms made moves in Paramount Global stock, with IPG Investment Advisors decreasing their position and New Age Alpha Advisors buying shares. These developments have contributed to the fluctuating stock price of Paramount Global today.

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 mix of Smart Scores across different factors. While scoring high in Value and Momentum, indicating a strong financial position and positive market sentiment, the company falls short in Growth. This suggests that while Paramount Global may be a solid investment in the short term, investors may need to consider the company’s long-term growth potential.

With average scores in Dividend and Resilience, Paramount Global shows stability in its dividend payouts and ability to weather economic downturns. However, with a lower score in Growth, the company may need to focus on expanding its offerings and capturing new markets to ensure sustained success in the future. Overall, Paramount Global‘s Smart Scores provide valuable insights into the company’s overall outlook and areas for potential improvement.

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.
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