Paramount Global’s recently made public that 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 Friday, Paramount Global [NASDAQ:PARA] saw its stock jump 2.23% to $11.94. Over the last five days, the stock has gained 4.46%. Paramount Global shares have risen nearly 14.15% since the year began. Nevertheless, the stocks have fallen -7.37% over the past one year. While a 52-week high of $13.40 was reached on 03/07/25, a 52-week low of $9.54 was recorded on 01/16/25. SMA at 50 days reached $11.46, while 200 days put it at $10.93.
Levels Of Support And Resistance For PARA Stock
The 24-hour chart illustrates a support level at 11.77, which if violated will result in even more drops to 11.60. On the upside, there is a resistance level at 12.07. A further resistance level may holdings at 12.21. The Relative Strength Index (RSI) on the 14-day chart is 61.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.89%. Stochastics %K at 85.24% indicates the stock is a selling.
