DJ Paramount Global Cl B Stock Underperforms Wednesday When Compared To Competitors
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Shares of Paramount Global Cl B (PARA) shed 2.30% to $10.64 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
This was the stock's second consecutive day of losses.
Paramount Global Cl B closed $5.06 below its 52-week high ($15.70), which the company reached on January 31st.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ rose 0.20% to $242.70, Amazon.com Inc. $(AMZN)$ rose 0.01% to $222.13, and Netflix Inc. $(NFLX)$ fell 0.48% to $875.00.
Trading volume (8.0 M) remained 2.0 million below its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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(END) Dow Jones Newswires
January 08, 2025 17:27 ET (22:27 GMT)
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