Paramount Skydance stock heads for an NYSE switch
Published on 10/04/2026 at 21:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Paramount Skydance stock (ISIN US69932A2042) was last at USD 9.50 on Nasdaq on October 2, 2026, at 4:00 p.m. ET, up 1.71 percent from the prior close. The company is preparing for a major identity and listing change as its Warner Bros. Discovery transaction reaches the closing stage.
On October 2, 2026, Paramount Skydance disclosed that its Class B shares are expected to move from Nasdaq to the New York Stock Exchange on October 6. The company also plans to change its name to Skydance Corporation and its ticker from PSKY to SKYD.
Nasdaq gives way to NYSE
The filing sets October 5, 2026, as the record date for a planned warrant distribution, while eligible holders must retain their shares through the issuance and distribution date to receive the warrants. The NYSE is expected to announce the warrant ex-date on or about October 6, according to the same filing from Paramount Skydance.
The planned rebranding arrives alongside a transaction valued at USD 110 billion on an enterprise basis. Reuters reported on October 2 that management is targeting USD 6 billion in cost savings while the combined company faces roughly USD 80 billion in debt. That financing burden is the central counterweight to the larger media portfolio.
Q2 revenue reaches USD 6.91 billion
Paramount Skydance reported USD 6.91 billion in second-quarter 2026 revenue, while adjusted EPS reached USD 0.18 against a USD 0.15 consensus estimate, according to MarketBeat. The revenue figure was reported for the quarter ended June 30, 2026, and the adjusted EPS beat the cited consensus by USD 0.03.
Analysts see a 17.6 percent gap
MarketBeat lists a Reduce consensus based on 18 analysts, including four Buy, five Hold and nine Sell ratings, with an average price target of USD 11.17. That target lies 17.6 percent above the USD 9.50 price, although the wide ratings split shows how differently analysts assess merger execution and leverage.
Stock remains below its yearly high
Paramount Skydance was last at USD 9.50 on Nasdaq on October 2, 2026, with a daily volume of 37,388,663 shares. Its 52-week range was USD 7.62 to USD 19.22, placing the stock 50.6 percent below the upper end, while market capitalization stood at USD 10.3 billion on the same date.
Paramount Skydance stock facts
- Company: Paramount Skydance Corporation
- ISIN: US69932A2042
- Ticker: PSKY
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 9.50
- Market capitalization: USD 10.3 billion (as of October 2, 2026)
- 52-week range: USD 7.62-19.22 (as of October 2, 2026)
- Sector / Industry: Communication Services / Entertainment and Media
Upcoming dates for Paramount Skydance stock
- October 5, 2026: Record date for the planned warrant distribution
- October 6, 2026: Planned name change to Skydance Corporation, NYSE listing and ticker change to SKYD
