Paramount’s Big Jump Evokes Meme-Stock Era as Squeeze Risk Soars

A double-digit rally over two trading sessions for the newly-merged media company Paramount Skydance Corp. is recalling the meme-stock frenzy of 2021 for at least one Wall Street analyst.

“When a stock is up 37% in a day and 48% in two days – all, in our view, without fundamental news – what’s there for a fundamental research analyst to say?” Evercore ISI’s Kutgun Maral quipped in a note to clients. Shares pared those gains Thursday falling around 6.6%.