ViacomCBS Vision For Paramount+ Wows Some Analysts, But 5% Stock Drop Suggests Wall Street Verdict Still Out
The multi-hour streaming presentation by ViacomCBS on Wednesday about its soon-to-be-rebranded streaming service Paramount+ has not proven to be a short-term tonic for the company’s stock price.
Shares dropped 5% today to close at $62.50, on above-average trading volume. The stock has surged more than 70% in 2021 to…
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