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Why Paramount Global Stock Was Falling Today

TheMotleyFool

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Why Paramount Global Stock Was Falling TodayPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

Shares of Paramount Global (NASDAQ: PARA) were sliding today after the entertainment company suffered a double downgrade from analysts at Bank of America, which came just a few days after the stock surged on its third-quarter earnings report.

The stock finished the session up 7.8%.

Image source: Getty Images.

Source Fool.com

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