Paramount Stock: Buy, Sell, or Hold?
It's been a roller-coaster ride for investors in Paramount Global (NASDAQ: PARA), the media giant that oversees such brands as Nickelodeon, MTV, and CBS. After dropping during the early stages of the pandemic, Paramount shares went on a run that saw the stock price soar over 700%. It's now dropped by more than 80% from its March 2021 high.
Paramount's Q1 results weren't the best, but they weren't too far off management's expectations. Revenue was down only 1% year over year, but that drop was primarily driven by revenue declines in its TV media and filmed entertainment businesses. Revenue in those two areas declined by 8% and 6%, respectively.
With mixed results and so much uncertainty ahead for Paramount, many investors are wondering if they should jump ship or stay the course. Let's see which may be the better option.
Source Fool.com
