Paramount Global shares are trading lower after Berkshire Hathaway sold rough 30.4 million shares of the stock.
Portfolio Pulse from Benzinga Newsdesk
Paramount Global's stock price has declined following the news that Berkshire Hathaway sold approximately 30.4 million shares of the company.
February 14, 2024 | 9:44 pm
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NEGATIVE IMPACT
Paramount Global's stock price has decreased after Berkshire Hathaway's significant sale of its shares.
The sale of a large number of shares by a major investor like Berkshire Hathaway can lead to a decrease in stock price due to perceived lack of confidence or a potential oversupply of the stock in the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100