PSKY is trading at $8.63 (-4.11%) after DOJ antitrust head Omead Assefi rejected political fast-tracking for the Paramount-Skydance acquisition of Warner Bros. Discovery, signaling a rigorous regulatory review process.
- Shares are pressured by broader market weakness, with the S&P 500 and Nasdaq declining on Middle East tensions and hawkish Federal Reserve sentiment.
- Technical indicators signal continued downside momentum, including a negative MACD since March 10 and a 7-day losing streak.