Paramount Global (PARA), a leading media and entertainment company with a market cap of $7.6 billion, spans TV media, streaming, and filmed entertainment sectors. Based in New York, its extensive portfolio includes CBS, Showtime, and Paramount Pictures.
Shares of Paramount Global have significantly underperformed the broader market over the past 52 weeks. PARA has almost 30% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.6%. In 2024 alone, shares of PARA are down 23.7%, compared to the SPX's 15.7% gains on a YTD basis.
