Traders watching Para stock price technical patterns note a forming cup-and-handle setup on the daily chart, which often precedes medium-term rallies. A break above $11.75 could trigger momentum buying. We recently compiled a list of the 11 Best Stocks to Buy in Falling Markets Now . In this article, we are going to take a look at where Paramount Global (NASDAQ:PARA) stands against the other stocks. Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.) Short sellers have slightly reduced positions in Para, easing downward pressure. This shift may support Para stock price stability over the coming sessions.