What is driving the intraday drop in PARAA stock?

The intraday drop to **$16.91** reflects heavy volume selling, sector weakness in Communication Services, and profit-taking after a multi-month decline. Elevated relative volume suggests forced selling and short-term liquidity stress.

Is PARAA stock a buy at current levels for an oversold bounce?

PARAA stock may offer a tactical oversold bounce entry for disciplined traders with tight stops. Consider scaled positions, a stop below **$16.70**, and profit targets at **$18.00** and **$22.42**.

What price targets and forecasts exist for PARAA stock?

Meyka AI's one-year forecast for PARAA stock is **$23.00**, implying **36.04%** upside from **$16.91**. Conservative and bull scenarios are **$18.00** and **$30.00** respectively. Forecasts are model-based and not guarantees.

What are the main risks for an oversold bounce trade in PARAA stock?

Key risks include weak streaming subscriber trends, higher borrowing costs, negative sector news, and a wider market selloff. Use strict position sizing and a stop-loss to limit downside exposure.

US Stocks

PARAA Paramount Global NASDAQ down 5.37% intraday 03 Feb 2026: oversold bounce potential

ByDanny Kontos February 4, 2026February 4, 2026

PARAA stock opened and traded at $16.91 intraday on 03 Feb 2026 after a sharp pullback of -5.37% on heavy volume. The price sits near the year low of $16.70 on the NASDAQ in the United States, creating a potential oversold bounce setup for short-term traders. Volume at 406723.00 shares is about 9.35x average, signalling a fast move and a short-term mean-reversion opportunity. We examine technical triggers, valuation, catalysts, and risk management for an oversold bounce strategy.