Jim Cramer Dubs Paramount a ‘Meme Stock’—Then It Skyrockets 36%
Wall Street’s favorite contrarian indicator strikes again.
When Jim Cramer called Paramount a ‘meme stock,’ the market did the exact opposite of what you’d expect—sending shares soaring 36% in a classic ‘Cramer curse’ reversal. Here’s why the playbook is broken.
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The Cramer Effect: Buy the Rumor, Sell the Analysis
CNBC’s lightning rod commentator has a knack for being spectacularly wrong at turning points. This time? His meme stock label became a self-fulfilling prophecy as retail traders piled in—proving once again that in today’s market, fundamentals are just background noise.
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Meme Alchemy Turns Lead Into Gold
Paramount’s 36% surge defies every traditional valuation metric. But since when did that stop a good narrative? The stock now trades on vibes, charts, and the kind of irrational exuberance that would make a 1999 dot-com broker blush.
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Wall Street’s New Rules: Just Meme It
Forget discounted cash flows—today’s price action runs on TikTok trends and Reddit threads. One cynical take? Maybe Cramer’s finally learned to front-run his own bad calls. Or maybe markets just enjoy watching pundits eat crow.
Source: Google
Why Did Paramount Skydance Stock Rise 36% After Jim Cramer’s Tweet?
In reality, Jim Cramer’s calling Paramount Skydance adid not make it surge in value. PSKY spiked because it completed a high-profile merger with Skydance Media, adding a vast library of content and a global distribution network. The merger was announced on August 13, taking the new ticker PSKY in the NASDAQ index. Jim Cramer might have underestimated Paramount Skydance stock when he made the tweet.
In addition, Paramount announced $7.7 billion media rights partnership with TKO Group Holdings with a 7-year agreement. The firm will become the exclusive distributor of UFC events in the US from 2026. The deal allows Paramount to stream all UFC fights and events across the US.
Should You Buy the Equity Now?
It is too early to provide a price prediction for PSKY as the joint-venture ticker went live yesterday. Leading analytical firms have yet to analyze the price prospects and the impact it has on the markets. The merger will undoubtedly boost Paramount Skydance stock’s prospects, and those who believe in its long-term prospects can take an entry position.
