Skydance shares fall 6% despite Citi Buy rating and Elon Musk's $1B investment amid debt concerns

Skydance's stock dropped 6% even after Citi issued a Buy rating with a $10 price target and Elon Musk reportedly invested $1 billion. The selloff reflects investor worries over Skydance's heavy debt load from recent media acquisitions, despite efforts to cut costs. The market is waiting for clear signs of debt reduction and improved financials before supporting the stock. Investors are advised to watch for updates on Skydance's expense trimming and debt repayment progress.

As of Oct 27, 2026 01:11 WIB, Roku shares are trading at USD 157.45, down 0.71% on the day, while Disney is priced at USD 110.27 with a 2.00% decline. Despite the negative moves in these media stocks, Roku's market cap stands at $23.55 billion and Disney's at $194.29 billion on Pluang. The ongoing volatility in media stocks like Roku and Disney highlights the cautious sentiment that also seems to be affecting Skydance's shares.