These stocks are already in a correction and could fall further

[Pelican Press 0]

These stocks are already in a correction and could fall further

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on CBS television parent Paramount Global is also dim, according to the Wall Street consensus. Shares have slumped 21.5% since May 2023 and — based on analysts’ consensus price target — are estimated to decline another 29.1%. Recent reports on the company’s potential merger with Skydance Media have put more downward pressure on the stock, leading to a drop of 8.2% month to date. CNBC’s David Faber reported that Paramount would have to raise as much as $3 billion in new equity if it were to merge with Skydance. Other stocks already in a correction and vulnerable to additional declines include Palantir Technologies , Dillard’s , MGE Energy , GameStop and Advance Auto Parts . Correction: This article has been updated to reflect the correct spelling of Palantir Technologies.

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Investment strategy,Stock markets,China,Douyu International Holdings Ltd,SPDR S&P Regional Banking ETF,Bank of Hawaii Corp,Paramount Global,Compania de Minas Buenaventura SAA,Compania de Minas Buenaventura SAA,S&P 500 Index,Dow Jones Industrial Average,NASDAQ Composite,Palantir Technologies Inc,Dillard's Inc,MGE Energy Inc,GameStop Corp,Advance Auto Parts Inc,business news
#stocks #correction #fall

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