Paramount Global (NASDAQ: PARA) stock enjoyed a major increase of 11.8% on 3/20/24. The shares closed at $12.51. Moreover, exceptionally high trading volume at 225% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.9% during the last week.
Current PriceTarget Research Rating
PARA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Paramount Global has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Paramount Global has a very high Appreciation Score of 97 but a poor Power Rating of 27, 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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