Paramount (PARA) Higher After New Investment

Paramount (PARA) is moving higher after a new investment and analyst upgrade. George Tsilis joins Alex Coffey and Renita Young to discuss PARA as a controlling shareholder, Shari Redstone, secured $125M investment from BDT & MSD partners. The investment will allow it to pay off interest expenses and reduce its revolving loan. The investment expected to close next week. Para is down 36% in May. Loop Capital notes that the bull case for PARA involves financial pressure forcing it to find a buyer and the bear case is that there are no buyers for the cable assets. George also highlights some important technical trends to watch in the stock. Tune in to find out more about the stock market today.