Paramount Global (PARA)
After hours:
| Previous close | 11.82 |
| Open | 11.89 |
| Bid | 11.89 x 1700 |
| Ask | 11.95 x 1600 |
| Day's range | 11.76 - 12.13 |
| 52-week range | 10.12 - 17.50 |
| Volume | |
| Avg. volume | 20,345,114 |
| Market cap | 8.291B |
| Beta (5Y monthly) | 1.76 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.13 |
| Earnings date | 05 Aug 2024 - 09 Aug 2024 |
| Forward dividend & yield | 0.20 (1.68%) |
| Ex-dividend date | 17 Jun 2024 |
| 1y target est | 12.77 |
Investor's Business DailyApollo Global, IBD Stock Of The Day, Tests Buy Point With Takeover Buzz Paramount
Apollo Global tested a buy point amid a post-earnings rally. The investment management firm is eyeing a Paramount deal.
- Yahoo Finance Video
April PCE, Skydance ups Paramount bid, Trump fallout: Catalysts
The core Personal Consumption Expenditures (PCE) index, which excludes volatile food and energy components, increased by 0.2% in April. This reading aligned with Wall Street's expectations but marked a slower pace than the 0.3% increase witnessed in March. In addition, Treasury yields (^TNX ^TYX, ^FVX) are on the decline this morning after this inflation data. Skydance Media submitted a new offer to Paramount Global (PARA) in its bid to acquire the media giant, according to the Wall Street Journal. Former President Donald Trump has become the first US president to ever be convicted of a felony. A New York jury found the former commander-in-chief guilty on all 34 charges related to his hush money trial. Investors are watching the fallout from the case closely, looking for any potential impacts on the broader market (^DJI, ^IXIC, ^GSPC) For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino
ReutersParamount's special committee agrees to recommend Skydance deal, WSJ reports
Reports on a takeover offer from Skydance Media and a consortium of Apollo Global Management and Sony Pictures, and another $30 billion bid from media entrepreneur Byron Allen have left the stock see-sawing for months. An exodus of advertisers and cord-cutting have hammered Paramount's traditional TV business, which accounts for more than half of its revenue. Media mogul Shari Redstone has received expressions of interest from at least two parties in buying all or part of her company National Amusements, which holds 77% of Paramount's Class A voting stock, the report said.
