Why Paramount Skydance Rallied Over 20% Today
Shares of CBS and Paramount Studios owner Paramount Skydance (NASDAQ: PSKY) rallied big-time today, with shares moving 24.2% higher even as the broader stock market indexes slumped as of 1:39 p.m. EDT.
Paramount Skydance had been in a months-long bidding war with (NASDAQ: NFLX) for the prize of acquiring HBO Max owner Warner Bros. Discovery (NASDAQ: WBD). Yesterday, Netflix announced it would not challenge Paramount's latest offer, and Warner Bros. officially declared Paramount's new bid "superior."
While Netflix shares rallied on the relief of not having to buy an expensive asset, Paramount's stock also rose following months of decline, after investors wondered how much it would have to pay up.
Source Fool.com
Netflix Inc. Aktie
80,47 €
1,06 %
Die Netflix Inc. Aktie zieht viel Aufmerksamkeit auf sich: Viel mehr Buy- als Sell-Einschätzungen.
Bei einem Kursziel von 108 € ergibt sich ein positives Potenzial von 34.21% für Netflix Inc. im Vergleich zum aktuellen Kurs von 80.47 €.
