The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Paramount Global shares valued at $973,047 were sold by Robbins Brian on Nov 12 ’24. At $11.40 per share, Robbins Brian sold 85,355 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, THE SRR FAMILY TRUST purchased 85,355 shares, netting a total of over 973,124 in proceeds.
As published in a research note from Wells Fargo on August 09, 2024, Paramount Global [PARA] has been rated up from an Underweight to an Equal weight and the price target has been revised to $11 from $10. Analysts at Wolfe Research downgraded the stock from ‘”a Peer perform”‘ to ‘”an Underperform”‘ outlook in a report released in early July. As of June 25, 2024, Goldman has initiated its “Sell” rating for PARA. Earlier on June 12, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for PARA stock which previously was a “an Equal weight”.
Analyzing PARA Stock Performance
During the last five days, there has been a surge of approximately 1.01%. Over the course of the year, Paramount Global shares have jumped approximately 4.97%. Shares of the company reached a 52-week high of $11.27 on 01/24/25 and a 52-week low of $10.16 on 01/16/25. A 50-day SMA is recorded $10.77, while a 200-day SMA reached $11.05. Nevertheless, trading volume fell to 6.08 million shares from 48275.0 shares the previous day.
Support And Resistance Levels for Paramount Global (PARA)
According to the 24-hour chart, there is a support level at 10.81, which, if violated, would cause prices to drop to 10.65. In the upper region, resistance lies at 11.16. The next price resistance is at 11.34. RSI (Relative Strength Index) is 55.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 26.13%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
