$SKYD

Skydance Corporation, formed from a $111 billion merger of Paramount and Warner Bros. Discovery, mandated a five-day in-office policy and offered a Voluntary Buyout Program. CEO David Ellison and co-CEO Ynon Kreiz cited benefits of in-person collaboration. The policy will be phased in, with remote roles potentially revisited. Microsoft also recently offered voluntary exits to 60,000 employees, including Xbox staff.

Skydance Corporation Class B (SKYD) shares fell 3.47% amid concerns over its Warner Bros. Discovery deal and CNN's legal battle. The stock has dropped from the low $10s to mid-$7s, with weak sentiment and high debt levels. SKYD trades at a low price-to-sales ratio and negative profit margins, but generates positive free cash flow. The company's debt restructuring and legal issues have contributed to its volatility.

Skydance (SKYD) shares fell 5% despite Citi analyst Jason Bazinet initiating coverage with a Buy rating and $10 price target, citing underappreciated IP and cost synergies. Bazinet projects $19.4B earnings by 2029, 12% above consensus. The company plans 30 films annually, including sequels for World War Z, A Quiet Place, and Star Trek. SKYD has lost 53.09% over the past year.

Skydance (SKYD) shares fell 6% to $7.33 despite Citi's Buy rating and a reported $1B investment from Elon Musk. Citi's $10 price target is based on cost cuts, but investors seem focused on debt reduction. Roku (ROKU) and Disney (DIS) also declined, but less sharply. Skydance's future depends on its ability to cut costs and reduce debt.

JPMorgan upgraded Skydance (SKYD) to 'Neutral' from 'Underweight', lowering its price target to $9. The firm cited Skydance's Warner Bros. Discovery acquisition, which creates a media company with nearly $70B in annual revenue. SKYD stock was little changed in midday trade. Wall Street remains cautious, with most analysts recommending 'Hold' or 'Sell'.

Wall Street analyst research calls for Friday include upgrades for Hess Midstream LP (HESM) to Outperform, MSC Industrial (MSM) to Overweight, and SpaceX (SPCX) to Buy. Downgrades include Deckers Outdoor (DECK) to Underweight, Globe Life (GL) to Neutral, and NVR (NVR) to Underperform. Initiations include Guardant Health (GH) and Natera (NTRA) with Buy ratings. Markets saw declines, with Nasdaq down 2.6% and Treasury yields dropping sharply.

Elon Musk invested $1B in Skydance (SKYD), a media company behind major studios and streaming brands. Shares fell 1.5% following the news, according to Semafor.

Skydance (SKYD) shares rose 10% to $7.84 after a selloff following the separation of its warrants. Despite this rebound, shares remain 16% below their IPO price. Spotify (SPOT) and Disney (DIS) shares declined slightly. Skydance's next earnings report on November 9 will provide insights into its merger integration and streaming performance.

Laurene Powell Jobs, Steve Jobs' widow, acquired 20.8M Class B shares of Skydance (NYSE:SKYD) at $12 per share on Oct. 6, totaling $250M. The stock fell to $7.10 by Oct. 20, reducing her stake's value to $147.9M, a 41% loss. Skydance's stock has dropped 46.24% this year, with analysts' average price target at $8.87. The company faces integration risks and high debt. Powell Jobs' investment is part of a larger $47B equity raise for the Warner Bros. Discovery takeover.

Skydance Corporation (NYSE: SKYD) will report Q3 2026 financial results on November 9, 2026. A conference call will follow, accessible via webcast or phone. The company operates in media and entertainment, with brands like Paramount and HBO. Investors can find details on the company's Investors website.