Paramount Global [PARA] Investment Guide: What You Need to Know


Paramount Global’s recently made public that its Director REDSTONE SHARI acquired Company’s shares for reported $2.49 million on May 16. In the deal valued at $15.06 per share,165,000 shares were bought. As a result of this transaction, REDSTONE SHARI now holds 577,064 shares worth roughly $ 7.88 million.

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Wolfe Research downgraded its Paramount Global [PARA] rating to an Underperform from a a Peer perform in a research note published on Friday. PT values the company’s stock at a premium of 2.5 to its Friday closing price.

Price Performance Review of PARA

On Friday, Paramount Global [NASDAQ:PARA] saw its stock fall -9.54% to $13.65. On the same session, the stock had its day’s lowest price of $13.62, but rose to a high of $14.73. Over the last five days, the stock has lost -5.47%. Paramount Global shares have fallen nearly -19.14% since the year began. Nevertheless, the stocks have fallen -41.64% over the past one year. While a 52-week high of $25.93 was reached on 02/02/23, a 52-week low of $13.80 was recorded on 09/01/23. SMA at 50 days reached $15.51, while 200 days put it at $18.60. A total of 32.66 million shares were traded, compared to the trading of 89710.0 shares in the previous session.

Levels Of Support And Resistance For PARA Stock

The 24-hour chart illustrates a support level at 13.27, which if violated will result in even more drops to 12.89. On the upside, there is a resistance level at 14.38. A further resistance level may holdings at 15.11. The Relative Strength Index (RSI) on the 14-day chart is 35.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.39%. Stochastics %K at 43.22% indicates the stock is a holding.

How much short interest is there in Paramount Global?

A steep rise in short interest was recorded in Paramount Global stocks on Aug 14, 2023, growing by 4.36 million shares to a total of 81.85 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 77.49 million shares. There was a rise of 5.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 14.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.87.

Paramount Global [PARA] – Who Are The Largest Shareholders?

In filings from Berkshire Hathaway, Inc., it is revealed that the company now owns 93,730,975 shares, or roughly 15.34% of the outstanding PARA shares. Additionally, The Vanguard Group, Inc. increased 0.38% of its stake after which the total value it holdings stand at $907,653,433, while SSgA Funds Management, Inc. reduced -14.03% of its stake to hold $486.94 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -12,330,175 shares of Paramount Global, while Invesco Capital Management LLC sold -766,390 shares. At present, Geode Capital Management LLC is holding 11,662,369 shares valued at $186.95 million. Charles Schwab Investment Managem owned 11,532,625 shares of the company at the time of its most recent 13F filing, worth $184.87 million.


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