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Why Paramount Global Stock Was Plunging Today

TheMotleyFool

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Why Paramount Global Stock Was Plunging Today: https://g.foolcdn.com/editorial/images/731004/watching-tv-streaming-relaxing-entertainment.jpg

Paramount Global (NASDAQ: PARA) was getting booed off the stage today after the media company posted disappointing results in its first-quarter earnings report and cut its quarterly dividend.

As of 12:36 p.m. ET, the stock was down 27.8% on the news.

Image source: Getty Images.

Source Fool.com

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