Paramount Global (NASDAQ:PARAP – Get Rating)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $30.16, but opened at $28.70. Paramount Global shares last traded at $28.47, with a volume of 136 shares.
Paramount Global Stock Performance
The business's 50 day simple moving average is $29.45 and its 200-day simple moving average is $35.88.
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Paramount Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be given a dividend of $1.4375 per share. This represents a $5.75 annualized dividend and a dividend yield of 21.41%. The ex-dividend date of this dividend is Wednesday, December 14th.
Hedge Funds Weigh In On Paramount Global
Several large investors have recently bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in Paramount Global during the 3rd quarter valued at about $31,000. Signaturefd LLC purchased a new stake in shares of Paramount Global in the third quarter worth $62,000. UBS Group AG purchased a new stake in shares of Paramount Global during the third quarter valued at $62,000. Royal Bank of Canada bought a new position in Paramount Global in the third quarter valued at about $75,000. Finally, Raymond James & Associates bought a new position in shares of Paramount Global in the third quarter worth about $209,000.
About Paramount Global
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Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.
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