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Janney Montgomery Scott LLC sold some Paramount Global shares but still owns a majority stake.
Janney Montgomery Scott LLC slightly reduced its ownership in Paramount Global (PARA) by selling 10,083 shares, yet still holds 73% of the company's stock.
The stock opened at $12.53 on Monday, with a market cap of $8.45 billion.
Paramount reported a slight miss on revenue but beat earnings estimates by $0.02.
Analysts predict 1.77 EPS for the year, with a consensus "Hold" rating and a target price of $11.50.
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Janney Montgomery Scott LLC vendió algunas acciones de Paramount Global, pero aún posee una participación mayoritaria.