Alert: Major Price Advance (12/8/23)-Paramount Global (NASDAQ: PARA).


Paramount Global (NASDAQ: PARA) stock closed at $16.85 on 12/8/23 after a major increase of 12.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 356% of normal. The stock has risen 17.3% during the last week but has been weak relative to the market over the last nine months.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed 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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Paramount Global has a very high Appreciation Score of 96 but a very low Power Rating of 4, leading to the 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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