It's been one week since Paramount Global merged with Skydance Media to form Paramount Skydance (PSKY), an entertainment business with revenues expected to reach over $30 billion in 2025. Its shares are up 48% since Monday’s close.
While there is no shortage of opinions, bullish and bearish, about the merged entity’s future trajectory, I don’t think there’s any doubt PSKY will be a favorite of retail investors everywhere. It’s got all the hallmarks of a meme stock: a cheap share price, a significant short interest (13.4% as of Monday), and a massive trading volume (over 10x its 65-day average yesterday).
