Paramount Global (NASDAQ:PARAP – Get Rating)'s stock price rose 1.8% during mid-day trading on Friday . The stock traded as high as $30.29 and last traded at $29.71. Approximately 27,340 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 62,985 shares. The stock had previously closed at $29.18.
Paramount Global Stock Up 1.8 %
The company has a 50 day moving average price of $29.61 and a 200-day moving average price of $36.41.
Get Paramount Global alerts:Paramount Global Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a $1.4375 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $5.75 annualized dividend and a dividend yield of 19.35%.
Institutional Trading of Paramount Global
Institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in shares of Paramount Global during the third quarter valued at $31,000. Signaturefd LLC purchased a new stake in shares of Paramount Global during the third quarter valued at $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 purchased a new stake in shares of Paramount Global during the third quarter valued at $75,000. Finally, Raymond James & Associates purchased a new stake in shares of Paramount Global during the third quarter valued at $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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