5 Trending Stocks to Watch on Monday

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In this article, we discuss the 5 trending stocks to watch on Monday. If you want to see some more companies on the list, go directly to 10 Trending Stocks to Watch on Monday.

5. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 42

Shares of Paramount Global (NASDAQ:PARA) hit a new 52-week low of $17.91 in the mid-day trading session on Monday. The drop came after Wells Fargo analyst Steven Cahall downgraded the mass media company from “Equal-Weight” to “Underweight.”

Cahall pointed towards uncertain direct-to-consumer guidance and risk to the company’s ad sales. He also trimmed his price target for Paramount Global (NASDAQ:PARA) from $19 per share to $13 per share, citing a tougher period for linear media services in the near future.

Paramount Global (NASDAQ:PARA) shares are now down about 43 percent on a year-to-date basis, including the latest drop.

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