M&A Buzz Sends Paramount Global Stock Surging

Shares of streaming platform Paramount Global (NASDAQ:PARA) are 2.6% higher to trade at $10.41 this morning, after several companies have expressed interest in a merger. Most notably, Paramount is in talks with Warner Bros Discovery (WBD) and billionaire Barry Diller's IAC (IAC). Analysts have been extremely pessimistic of late, with 22 of the 27 in coverage sporting a "hold" or worse recommendation. Meanwhile, short sellers remain in control, with 11% of the stock's total available float now sold short. PA ...