Paramount Skydance falls premarket after meme-stock surge
Paramount Skydance shares fell 2% premarket to $14.66 after soaring 36.7% Wednesday in a meme-stock style rally, fuelled by a small float and high short interest. The pullback likely reflects profit-taking after two-day surge. The newly merged company unveiled plans to expand Paramount+ content and boost film output, including a third Top Gun sequel. Retail sentiment remains 'extremely bullish.'