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Why Paramount Global Stock Was Moving Higher Today

TheMotleyFool

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Why Paramount Global Stock Was Moving Higher TodayPhoto, wide shot, wide-angle lens, soft focus, Movie theater, sunset photo at golden hour, photo by Marc Adamus: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-gXhfb5xMEy8zG0qLmxYAOaHt.png?st=2023-05-14T13%3A29%3A06Z&se=2023-05-14T15%3A29%3A06Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-14T01%3A25%3A03Z&ske=2023-05-15T01%3A25%3A03Z&sks=b&skv=2021-08-06&sig=cyWAC06qXhBJ4kv4K4eQVNNwtdGGK962uEjAh4%2B61ZY%3D

Shares of Paramount Global (NASDAQ: PARA) were moving higher today after its controlling shareholder secured a $125 million investment, and it got an analyst upgrade on the news.

As of 1:34 p.m. ET, the stock was up 6.3%.

The Wall Street Journal reported last night that Shari Redstone's National Amusements, the controlling shareholder of the entertainment company, received a $125 million investment from merchant bank BDT MSD Partners.

Source Fool.com