Paramount Skydance Rises as Warner Deal Financing and Closing Steps Advance

Paramount Skydance Corporation (PSKY) is up 4.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to fresh signs that Paramount Skydance is progressing toward closing its Warner Bros. Discovery acquisition. Today’s financing launch, paired with updated debt-exchange terms and recent legal and regulatory progress, likely gave investors more confidence that the transaction is moving closer to completion.

Details:

Paramount Skydance said on September 28 it plans to offer about $44.4 billion of senior secured notes as part of the permanent financing package for the Warner transaction.

A same-day 8-K outlined the broader funding structure, including up to $46.7 billion of equity financing and a planned distribution of one 10-year warrant for each eligible Class B share held on an assumed October 5 record date.

The company also extended its Warner-related exchange and tender offers to October 6, with settlement expected in the fourth quarter, signaling that the liability management process is still being aligned with deal closing.

Earlier milestones also matter: Paramount Skydance said in August that all regulatory clearances required under the merger agreement had been obtained, and a September settlement with 12 states removed a major remaining obstacle.

Sources:

Paramount, SEC, AP

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$PSKY Hedge Fund Activity

We have seen 282 institutional investors add shares of $PSKY stock to their portfolio, and 302 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

STATE STREET CORP added 10,013,293 shares (+41.3%) to their portfolio in Q1 2026, for an estimated $90,319,902
PENTWATER CAPITAL MANAGEMENT LP added 8,549,500 shares (+247.8%) to their portfolio in Q2 2026, for an estimated $84,298,070
CONTRARIUS GROUP HOLDINGS LTD removed 6,939,416 shares (-87.6%) from their portfolio in Q2 2026, for an estimated $68,422,641
UBS GROUP AG added 6,180,844 shares (+30.6%) to their portfolio in Q2 2026, for an estimated $60,943,121
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 4,873,841 shares (+266.5%) to their portfolio in Q2 2026, for an estimated $48,056,072
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 4,715,572 shares (+inf%) to their portfolio in Q2 2026, for an estimated $46,495,539
CITADEL ADVISORS LLC added 4,699,735 shares (+316.6%) to their portfolio in Q1 2026, for an estimated $42,391,609

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PSKY Congressional Stock Trading

Members of Congress have traded $PSKY stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $PSKY stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 07/17, 05/15.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PSKY Analyst Ratings

Wall Street analysts have issued reports on $PSKY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 05/01/2026

To track analyst ratings and price targets for $PSKY, check out Quiver Quantitative's $PSKY forecast page.

$PSKY Price Targets

Multiple analysts have issued price targets for $PSKY recently. We have seen 3 analysts offer price targets for $PSKY in the last 6 months, with a median target of $12.0.

Here are some recent targets:

Steven Cahall from Wells Fargo set a target price of $7.0 on 05/05/2026
Michael Morris from Guggenheim set a target price of $12.0 on 05/05/2026
Benjamin Swinburne from Morgan Stanley set a target price of $14.0 on 05/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.