Stock of the Day - March 15, 2023

Paramount Global (PARAA)

$16.91

$0.00 (0.0%)

Market Cap: $11.40B

About Paramount Global

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.

This segment also offers domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consisting of CBS News Streaming and CBS Sports HQ. The Direct-to-Consumer segment provides a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+, and Noggin. The Filmed Entertainment segment produces and acquires films, series, and short-form content for release and licensing around the world, including in theaters, on streaming services, on television, through digital home entertainment, and DVDs/Blu-rays; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax. It also offers production, distribution, and advertising solutions. The company was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was founded in 1914 and is headquartered in New York, New York. Paramount Global is a subsidiary of National Amusements, Inc.

Today's Trend

Paramount Global (NASDAQ:PARAA) shares have decreased today following a mix of strategic announcements and analyst actions.

Skydance Media unveiled the proposed executive leadership team for Paramount following the anticipated merger, naming key executives to steer the combined company. Skydance Media Announces Proposed Executive Leadership Team for Paramount Following Anticipated Completion of Merger
Sherry Lansing and Safra Catz were appointed to the new Paramount-Skydance board alongside David Ellison, bolstering governance with seasoned industry leaders. Sherry Lansing, Safra Catz to Join David Ellison on New Paramount Skydance Board
Deal terms force GAMCO Asset Management, which holds about 12% of Class A voting shares, to receive cash for its stock, removing a major shareholder from the company’s capital structure. Paramount Deal Terms Force GAMCO to Receive Cash for its Voting Shares
Paramount hosted an Intern Impact Day, offering a behind-the-scenes look at corporate culture through an intern’s perspective. Intern Impact Day at Paramount: Through an Intern’s Lens
A Barron’s report warns that Paramount could be removed from the S&P 500 post-merger, potentially triggering index-fund sell-offs. Paramount Could Leave S&P 500 After Deal. Robinhood, AppLovin Might Replace It.
Seaport Research Partners cut its Q1 2026 EPS estimate for PARAA to $0.33 (from $0.37) and maintained a “Strong Sell” rating, adding downward pressure. Seaport Res Ptn Issues Negative Estimate for PARAA Earnings
A MarketBeat alert questioned if it’s “time to sell” after the stock slid about 3.6%, reflecting growing bearish investor sentiment. Paramount Global (NASDAQ:PARAA) Stock Price Down 3.6% – Time to Sell?

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