Paramount Global rise up after news that Warren Buffett has been buying its’ shares
Buffett’s stake in the company totals nearly 15%.
Paramount Global’s stock price got higher more than 10% Tuesday. The reason is in the news about Warren Buffett’s Berkshire Hathaway which, as it revealed, bought nearly $2 billion worth of shares in the company in recent months.
On Tuesday Paramount’s shares trade at $28.47 after closing Monday at $28.02.
Buffett’s decision to buy some shares of Paramount Globals shows that he thinks the company is under-valued, or that he expects the company to be involved in M&A, Variety reports.
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17 мая 2022, 18:54
