Paramount Skydance Shares Pop, With Market Watchers Comparing It to a ‘Meme Stock’

Shares of Paramount Skydance, the newly merged entity now headed by David Ellison, shot up by double-digits on Wednesday — despite no news indicating a change in the media company’s financial outlook. As of 2:30 p.m. ET, shares of the new Paramount, trading under the symbol “PSKY” on the Nasdaq, were up 38% to $15.12 […]