Home Stock Earnings Warner Bros. Discovery Inc. [WBD] stock for 293,800 USD was acquired by Zeiler Gerhard

Warner Bros. Discovery Inc. [WBD] stock for 293,800 USD was acquired by Zeiler Gerhard

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Warner Bros. Discovery Inc. [WBD] stock for 293,800 USD was acquired by Zeiler Gerhard

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Warner Bros. Discovery Inc. shares valued at $293,800 were purchased by Zeiler Gerhard on Aug 08. At $14.69 per share, Zeiler Gerhard acquired 20,000 shares. The insider’s holdings grew to 230,507 shares worth approximately $2.92 million following the completion of this transaction.


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Also, YANG GEOFFREY Y purchased 58,296 shares, netting a total of over 1,095,275 in proceeds. Following the buying of shares at $18.79 each, the insider now holds 35,653 shares.

Before that, Di Piazza Samuel A Jr. had added 2,700 shares to its account. In a trade valued at $50,001, the Director bought Warner Bros. Discovery Inc. shares for $18.52 each. Upon closing the transaction, the insider’s holdings increased to 2,700 shares, worth approximately $34236.0.

As published in a research note from Barrington Research on August 08, 2022, Warner Bros. Discovery Inc. [WBD] has been rated down from an Outperform to a Mkt perform. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early August. Earlier on June 30, 2022, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for WBD stock.

Analyzing WBD Stock Performance

On Wednesday, Warner Bros. Discovery Inc. [NASDAQ: WBD] plunged -5.02% to $12.68. The stock’s lowest price that day was $12.66, but it reached a high of $13.125 in the same session. During the last five days, there has been a drop of approximately -2.46%. Over the course of the year, Warner Bros. Discovery Inc. shares have dropped approximately -46.13%. Nevertheless, trading volume fell to 31.93 million shares from 21.38 million shares the previous day.

Support And Resistance Levels for Warner Bros. Discovery Inc. (WBD)

According to the 24-hour chart, there is a support level at 12.52, which, if violated, would cause prices to drop to 12.36. In the upper region, resistance lies at 12.98. The next price resistance is at 13.29. RSI (Relative Strength Index) is 49.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 74.19%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Warner Bros. Discovery Inc. subject to short interest?

Stocks of Warner Bros. Discovery Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 6.09 million shares to 61.06 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 54.97 million shares. A jump of 9.97% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.74 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.74.

Which companies own the most shares of Warner Bros. Discovery Inc. (WBD)?

According to The Vanguard Group, Inc. filings, the company currently owns 164,845,465 shares, which is about 6.79% of the total WBD shares outstanding. The investor’s shares have appreciated by 114,032,982 from its previous 13-F filing of 50812483.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,323,985,283. SSgA Funds Management, Inc. acquire a 262.40% interest valued at $1.18 billion while Geode Capital Management LLC purchased a 36,155,027 stake. A total of 45,567,077 shares of Warner Bros. Discovery Inc. were bought by Newport Trust Co. during the quarter, and 8,608,398 were bought by Hotchkis & Wiley Capital Manageme. In its current portfolio, Northern Trust Investments, Inc. holds 22,594,786 shares valued at $259.84 million.

In terms of Warner Bros. Discovery Inc. share price expectations, FactSet research, analysts set an average price target of $21.24 in the next 12 months, up nearly 42.32% from the previous closing price of $13.35. Analysts anticipate Warner Bros. Discovery Inc. stock to reach $44.00 by 2022, with the lowest price target being $9.00. In spite of this, 25 analysts ranked Warner Bros. Discovery Inc. stock as an Overweight at the end of 2022. On June 16, 2022, JP Morgan assigned a price target of “a Neutral” to the stock and resumed coverage with a $22.

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