In a filing, Paramount Global revealed its Office of the CEO Robbins Brian unloaded Company’s shares for reported $0.97 million on Nov 12 ’24. In the deal valued at $11.40 per share,85,355 shares were sold. As a result of this transaction, Robbins Brian now holds 0 shares worth roughly $0.0.
Then, THE SRR FAMILY TRUST bought 85,355 shares, generating $973,124 in total proceeds.
Deutsche Bank downgraded its Paramount Global [PARA] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early August from “an Underweight” to “an Equal weight”. Wolfe Research also remained covering PARA and has decreased its forecast on July 09, 2024 with a “an Underperform” recommendation from previously “Peer perform” rating. Goldman started covering the stock on June 25, 2024. It rated PARA as “a Sell”.
Price Performance Review of PARA
On Tuesday, Paramount Global [NASDAQ:PARA] saw its stock jump 1.59% to $10.86. Over the last five days, the stock has gained 1.97%. Paramount Global shares have risen nearly 3.82% since the year began. Nevertheless, the stocks have fallen -0.91% over the past one year. While a 52-week high of $14.54 was reached on 03/07/25, a 52-week low of $9.54 was recorded on 01/16/25. SMA at 50 days reached $11.35, while 200 days put it at $10.94.
Levels Of Support And Resistance For PARA Stock
The 24-hour chart illustrates a support level at 10.71, which if violated will result in even more drops to 10.56. On the upside, there is a resistance level at 10.96. A further resistance level may holdings at 11.05. The Relative Strength Index (RSI) on the 14-day chart is 42.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.84%. Stochastics %K at 17.85% indicates the stock is a buying.
How much short interest is there in Paramount Global?
A steep rise in short interest was recorded in Paramount Global stocks on 2025-03-31, dropping by -7.36 million shares to a total of 65.94 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 73.3 million shares. There was a decline of -11.16%, which implies that there is a negative sentiment for the stock.
