A look at NYT, PARA, and DIS
Conservative cable channel Newsmax (NMAX) made waves with its initial public offering (IPO) yesterday, skyrocketing over 700% in its debut and extending those gains in a 55% jump today. With the spotlight on the media sector, here’s a look at how other related stocks are doing.
New York Times Co (NYSE:NYT) stock was last seen up 1.6% at $50.19, on track for its fifth win in six days as it extends a bounce off its early March 10-month low. The 320-day moving at the $50 level has been keeping a lid on gains, however. Year over year, the equity is up roughly 17%. Per Zacks Research, the company has prioritized digital subscriptions in creating revenue, adding 350,000 net digital-only subscribers in the fourth quarter.
Shares of Paramount Global (NASDAQ:PARA) are down 0.5% at $11.90, after news that Yahoo appointed the company’s former brand chief Josh Line as CMO. PARA has been consolidating between $11.50-$12.00, sporting a 13.5% year-to-date lead.
Walt Disney Co (NYSE:DIS) stock is down 1% at $97.76 today. The stock lost 13.3% in March — its worst monthly percentage loss since May 2023 — pushing it into the red for 2025. The $96 level appears to be keeping the pullback in check, however. Disney’s newest live action remake, Snow White, didn’t help sentiment after it fell flat in the box office.