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Paramount Skydance soars as call buying heats up

Paramount Skydance shares jumped 14% in Tuesday trading as call option activity surged. As of 1:05 p.m. ET, roughly 126,000 calls had traded — well above the daily average and one of the most active single sessions since the media deal was completed on August 7.

The spike comes as the newly formed company faces scrutiny in Washington. On Thursday, two House Democrats opened an investigation into whether commitments made during the deal process, including a $16 million settlement to President Donald Trump, may have factored into the Federal Communications Commission’s decision to approve the merger.

Paramount Skydance shares are now up 36% since the merger.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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