Paramount Shares Fall 29% YTD: How Should Investors Play the Stock?

Paramount Global (PARA) shares have declined 28.6% year to date (YTD), underperforming the broader Zacks Consumer Discretionary sector's appreciation of 3.5%. PARA shares have also lagged the Zacks Media Conglomerate industry and peers like Netflix (NFLX) , Fox (FOXA) and Walt Disney (DIS) . Over the same time frame, shares of Netflix, Fox and Walt Disney have gained 48.2%, 41.5% and 4%, respectively. The industry has appreciated 4.4% YTD. PARA shares' underperformance can be attributed to lower top-line gr ...