Paramount Global (NASDAQ:PARAP) Shares Gap Down to $42.91

Paramount Global (NASDAQ:PARAPGet Rating)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $42.91, but opened at $41.50. Paramount Global shares last traded at $41.50, with a volume of 10 shares traded.

Separately, StockNews.com initiated coverage on shares of Paramount Global in a research note on Friday, February 18th. They issued a “hold” rating for the company.

The firm has a 50 day simple moving average of $47.18.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a $1.4375 dividend. This is an increase from Paramount Global’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, June 14th. This represents a $5.75 annualized dividend and a dividend yield of 14.03%.

Paramount Global Company Profile (NASDAQ:PARAP)

Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services.

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