Paramount Technical Signals Point To Potential Upside On Heels Of Skydance Deal

Loading... Here's what the technical indicators say about the stock's future. Chart created using Benzinga Pro Simple Moving Averages: PARA's share price of $11.46 is comfortably above its 8-day SMA ($10.78), 20-day SMA ($10.65), and 50-day SMA ($11.68), all reinforcing a bullish trend. However, not all indicators are flashing green. Several metrics suggest the need for cautious optimism: Paramount Global PARA saw a 3.13% dip by 11 AM ET on Monday as investors digested the merger announcement with Skydance ...