On 5/2/24, Paramount Global (NASDAQ: PARA) stock enjoyed a major increase of 13.1%, closing at $13.86. Moreover, trading volume in this advance was exceptionally high at 286% of normal. Relative to the market the stock has been weak over the last nine months but has risen 9.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PARA is expected to continue to be a modest Value Builder.
Paramount Global has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Paramount Global has a very high Appreciation Score of 97 but a poor Power Rating of 20, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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