Paramount Global shares are trading higher after majority voting shareholder National Amusements announced an agreement for a $125 million preferred equity investment in NAI by BDT Capital Partners. Also, Loop Capital upgraded the stock from Sell to Hold.
Portfolio Pulse from Benzinga Newsdesk
Paramount Global shares are up following a $125 million preferred equity investment in National Amusements by BDT Capital Partners and an upgrade from Loop Capital, which changed its rating from Sell to Hold.
May 26, 2023 | 1:53 pm
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Paramount Global shares are trading higher after a $125 million investment in National Amusements by BDT Capital Partners and an upgrade from Loop Capital.
The $125 million preferred equity investment in National Amusements, the majority voting shareholder of Paramount Global, by BDT Capital Partners is a positive development for the company. Additionally, Loop Capital's upgrade from Sell to Hold indicates improved sentiment towards the stock, which is likely to have a positive short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100