Paramount Skydance Soars, Amazon Gains, Cava Plunges
On this edition of Stock Movers:- Paramount Skydance (PSKY) shares climbed as much as 29% on Wednesday, adding to Tuesday’s 8.4% advance. The stock is the top performer today in the S&P 500. Paramount Skydance is the resulting company formed by Paramount Global’s merger with Skydance Media, which was approved by the FCC on July 25; the combined company began trading on Aug. 8. On Aug. 11, Paramount said it has acquired the exclusive rights to show all events from the Ultimate Fighting Championship in the US from TKO Group in a $7.7 billion, seven-year deal. In a research note…
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