Stock Market Today, Feb. 27: Paramount Skydance Rallies as Warner Bros. Deal Reshapes Streaming Landscape

Paramount Skydance (NASDAQ:PSKY), a media and entertainment company worldwide, closed Friday at $13.51, up 20.84%. The stock moved higher after Warner Bros. Discovery agreed to be acquired by Paramount Skydance and Netflix declined to match Paramount’s $31-per-share bid. The company’s trading volume reached 90.7 million shares, which is roughly  771% above compared with its three-month average of 10.4 million shares. Paramount Skydance went public in 2005 and has fallen 49% since its IPO. How the markets ...