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Why Paramount Global Stock Surged Today

·2 min read
Why Paramount Global Stock Surged Today

Shares of Paramount Global (NASDAQ: PARA) jumped 15% on Tuesday after Warren Buffett's Berkshire Hathaway disclosed a significant ownership position in the streaming service provider. Berkshire purchased nearly 69 million shares of Paramount stock in the first quarter. The media company was formerly known as ViacomCBS.