PARA Stock Plunges 31% in a Year: Should You Buy, Sell or Hold?

Paramount Global’s (PARA) shares have declined 31.1% over the past year, underperforming the Zacks Consumer Discretionary sector’s 12.9% return and the Zacks Media Conglomerates industry’s 20.7% growth.The underperformance resulted from a 6% year-over-year revenue dip to $6.73 billion in the third quarter, also lagging the Zacks Consensus Estimate of$6.91 billion. This shortfall was primarily led by weakness in the TV Media and Filmed Entertainment segments.However, Paramount’s prospects are bolstered by t ...