Should You Buy Paramount Global Class B (PARA) Stock After it Is Higher By 8.32% in a Week?

Overall market sentiment has been high on Paramount Global Class B (PARA) stock lately. PARA receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Paramount Global Class B has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PARA!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PARA Stock Today?

Paramount Global Class B (PARA) stock is trading at $22.92 as of 12:19 PM on Monday, Jan 30, a loss of -$0.15, or -0.65% from the previous closing price of $23.07. The stock has traded between $22.61 and $23.16 so far today. Volume today is less active than usual. So far 3,696,972 shares have traded compared to average volume of 10,877,712 shares.

More About Paramount Global Class B

Paramount Global is the rebranded recombination of CBS and Viacom that has created a media conglomerate with global scale. CBS contributed Showtime in addition to its television assets--the CBS television network, 28 local TV stations, and 50% of CW, a joint venture between CBS and WarnerMedia. Viacom brought several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Mission: Impossible and Transformers series. Paramount operates a number of streaming services, most notably Paramount+ and Pluto TV. Click Here to get the full Stock Report for Paramount Global Class B stock.