Why Paramount Global Stock Was Surging Higher Today

Shares of Paramount Global (NASDAQ: PARA) (formerly ViacomCBS) were up 9.8% as of 12:31 p.m. ET on Monday. This performance is noteworthy on a day when the Nasdaq Composite was down 1.3% at the time of this writing.

The move follows comments made at a recent investor conference that might suggest Paramount Global is open to being acquired.

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Source Fool.com