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 $9.51 and has pulled back 15% since the merger of Paramount and Warner Bros. Discovery under the Skydance banner was first proposed last February. Historical comparisons are not exact, as the stock used to trade on the Nasdaq, though the context is considered valid by market watchers.
After an eleventh-hour delay over the summer due
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