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The first day (Oct. 6) of the new Skydance Corp., which includes Paramount and Warner Bros. Discovery, saw the company’s stock price decline 2.7% in value at the close of trading. Day two has the share price down more than 8% in midday trading as investors scrutinize CEO David Ellison’s actions to make good on ……
Shares in the post-merger Skydance were down nearly 8% as of 10:40 ET on Wednesday, hovering at a share price of $8.84.
Barclays lowered its Robinhood price target to $105 from $122 and cited a meaningful slowdown in new accounts during July.