Paramount Global (NASDAQ:PARA) shares are trading higher after the company inked a definitive merger deal with Skydance Media to form “New Paramount” at an enterprise value of about $28 billion.
The merger offer represents a 48% premium over the price of the Class B stock as of July 1, 2024, and a 28% premium over the Class A stock on the same date.
Tesla (TSLA) remains in the spotlight after a 27% surge in the EV maker’s share price last week drove the stock back into the green for the year. The rally followed a better-than-expected second-quarter deliveries report on Tuesday and building anticipation ahead of the company’s Robotaxi Day next month.
Amid the strong recent price momentum, we use technical analysis to identify key areas on Tesla’s weekly chart to watch out for.
Never invest in a security or idea featured on our site or in our emails unless you can afford to lose your entire investment. We are not registered investment advisors or brokers/dealers and we do not purport to be. We make no representations, warranties or guarantees as to the accuracy or completeness of the content featured on our site or in our emails. Furthermore, the article authors and contributors featured on this site may own securities mentioned in their articles and not disclose this information. We do not endorse any products or newsletters advertised in this email or on our web site.
ODH Media LLC
800 N King Street
Suite 304 #1817
Wilmington, DE 19801
