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Paramount Global (NASDAQ:PARA) stock is trading lower Wednesday following a report that National Amusements has ended discussions with Skydance Media.
What Happened: The CBS News report from Tuesday suggests that National Amusements, which controls Paramount, ended merger discussions with Skydance.
National Amusements told CBS News that the two companies have, “not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Media for the acquisition of a controlling stake in NAI.”
How To Buy Paramount Global Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Paramount Global's case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
See Also: Short Seller Citron Closes Short Position In GameStop, Says ‘It Respects Market’s Irrationality’
PARA Price Action: At the time of writing, Paramount Global shares are trading 7.85% lower at $11.04, according to data from Benzinga Pro.
Image: Photo via Shutterstock
Posted In: PARA
