Skydance Shares Rebound After David Ellison And Top Execs Ring Opening Bell At New York Stock Exchange
Headline from Deadline
It may be a coincidence – or investor bargain-hunting – but Skydance shares have rebounded Thursday after David Ellison and other top execs rang the opening bell at the New York Stock Exchange. Halfway through the trading day, the stock was at $9.42, up 6%.
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Shares in Skydance Media fell 3% on Tuesday, their first day of trading on the New York Stock Exchange. The stock’s new ticker symbol, SKYD, is an update from PSKY, the one used for Paramount Global shares. Skydance stock finished the day at $9.
It’s day two of David Ellison’s Skydance Corp. merger gamble, and so far Wall Street isn’t eager to bet on it. Shares in the post-merger Skydance, trading on the New York Stock Exchange under the ticker symbol “SKYD,” were down nearly 8% as of 10:40 a.m. ET on Wednesday, hovering at around $8.
Skydance shares closed down about 7% in day two of trading after a dip Tuesday, a second down session in a rocky NYSE debut for the merged company as investors started to weigh in. The combination of Paramount and Warner Bros. Discovery finally closed, a big step forward.
It may be a coincidence – or investor bargain-hunting – but Skydance shares have rebounded Thursday after David Ellison and other top execs rang the opening bell at the New York Stock Exchange. Halfway through the trading day, the stock was at $9.42, up 6%.
