5 Worst Performing Stocks in S&P 500

In this article, we will take a look at the 5 worst performing stocks in S&P 500. To read our analysis of the recent trends and market activity, you can go to the 15 Worst Performing Stocks in S&P 500.

5. Paramount Global (NASDAQ:PARA)

YTD Performance as of February 23: -24.21%

Number of Hedge Fund Holders: 43

Paramount Global (NASDAQ:PARA) is a leading global media and entertainment company comprising studios, networks, and streaming services, through a portfolio of brands that includes well-known names such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others.

On April 27, Paramount Global (NASDAQ:PARA) announced a partnership with online retail giant, Amazon.com, Inc. (NASDAQ:AMZN) which would provide users access to on-Amazon buying experience. The partnership is part of the company’s efforts to make the content available on the platform shoppable.

Paramount Global (NASDAQ:PARA) ranks 5^th on our list of 15 worst performing stocks in S&P 500. The shares of the company were owned by 43 hedge funds with a total value of $1.9 billion, as of Q4 2023. Warren Buffett’s Berkshire Hathaway is the largest shareholder among hedge funds with ownership of 63.3 million shares valued at $937 million.