Paramount Global Cl B Stock Underperforms Wednesday When Compared To Competitors

Dow Jones11-14 06:20

DJ Paramount Global Cl B Stock Underperforms Wednesday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Paramount Global Cl B (PARA) slid 2.53% to $11.16 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,985.38 and the Dow Jones Industrial Average rising 0.11% to 43,958.19.

This was the stock's second consecutive day of losses.

Paramount Global Cl B closed $6.34 short of its 52-week high ($17.50), which the company reached on December 11th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ rose 0.40% to $225.12, Amazon.com Inc. $(AMZN)$ rose 2.48% to $214.10, and Netflix Inc. $(NFLX)$ rose 1.34% to $830.47.

Trading volume (12.0 M) eclipsed its 50-day average volume of 7.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 13, 2024.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 13, 2024 17:20 ET (22:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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