DJ Paramount Global Cl B Stock Outperforms Competitors On Strong Trading Day
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Shares of Paramount Global Cl B (PARA) rallied 7.33% to $11.27 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.74% to 5,199.06 and the Dow Jones Industrial Average falling 0.01% to 38,459.08.
The stock's rise snapped a five-day losing streak.
Paramount Global Cl B closed $12.73 short of its 52-week high ($24.00), which the company reached on May 1st.
The stock outperformed some of its competitors Thursday, as Apple Inc. $(AAPL)$ rose 4.33% to $175.04, Amazon.com Inc. $(AMZN)$ rose 1.67% to $189.05, and Netflix Inc. $(NFLX)$ rose 1.65% to $628.78.
Trading volume (27.4 M) eclipsed its 50-day average volume of 21.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 11, 2024.
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(END) Dow Jones Newswires
April 11, 2024 17:24 ET (21:24 GMT)
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