Paramount's Shares Fall 26% YTD: How Should Investors Play the Stock?

Paramount Global's (PARA) shares have lost 26.4% year to date (YTD), underperforming the broader Zacks Consumer Discretionary sector’s appreciation of 14.2%.PARA's shares have also lagged the Zacks Media Conglomerate industry and peers Netflix (NFLX) , Fox (FOXA) and Walt Disney (DIS) .Over the same time frame, shares of Netflix, Fox and Walt Disney have gained 84.4%, 57.9% and 28.1%, respectively. The industry has appreciated 20.7% YTD.PARA shares’ underperformance can be attributed to low top-line growth ...