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As New Paramount Brass Gets Set To Meet Media In L.A., The Company’s Stock Is Exploding
Paramount’s stock rose over 30% after completing the Skydance merger and securing UFC rights in a $7.7 billion, 7-year deal, driven by investor optimism and heavy trading volume.
- Paramount Skydance Corp saw its shares surge up to 60% to $17.53 on August 13 amid heavy trading in Los Angeles.
- This sharp increase followed the recent completion of Paramount's merger with Skydance Media and the announcement of a $7.7 billion, seven-year UFC rights deal starting in 2026.
- Trading volume reached 100 million shares with short interest around 80 million shares, highlighting speculative activity and a relatively small public float of about 30%.
- CNBC host Jim Cramer labeled Paramount Skydance a meme stock, calling the rapid gains 'shocking' due to the 'small float' and noting social media interest.
- The stock's volatility and renewed investor optimism, fueled by the merger and UFC deal, suggest potential swings ahead as leadership prepares a press conference at Paramount's L.A. studio.
12 Articles
12 Articles
Paramount Skydance is being called a meme stock after a 60% surge
The FCC agreed to Skydance's acquisition of Paramount Global.PATRICK T. FALLON/AFP via Getty ImagesParamount-Skydance shares popped as much as 60% on Wednesday. The huge rally had some calling it a meme stock during the session. Shares of the media company have popped since its recent merger and news of a UFC deal. There might be a new addition to the meme stock rally ripping through the stock market this summer. Paramount-Skydance was being cal…
Paramount stocks soar after UFC deal and 'meme stock' comment
Paramount Skydance shares jumped by 37% overnight, after the newly merged company announced a US$7.7 billion deal for exclusive US rights to all UFC fights.The stock soared throughout Wednesday, hitting a peak of US$17.53 — a 60% leap from the previous day’s closing price — and settling at US$15 by the close of trading.The uptick […]
Paramount Stock Rockets Nearly 40% in Heavy Post-UFC Deal Trading
Shares of Paramount Skydance closed up 36.74% on Wednesday, as the company’s Class B stock finished the day at $15.00. PSKY shares exploded like a meme-stock two days after the newly merged media company announced a $7.7 billion deal that will give CBS and Paramount+ the exclusive U.S. rights to all UFC events beginning in […]
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