WBD stock rated a Peer perform by Wolfe Research

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ZOM Stock

In a filing, Warner Bros. Discovery Inc. revealed its President, International Zeiler Gerhard acquired Company’s shares for reported $0.54 million on Aug 07. In the deal valued at $14.09 per share,38,000 shares were bought. As a result of this transaction, Zeiler Gerhard now holds 329,032 shares worth roughly $ 3.8 million.

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Then, Wiedenfels Gunnar bought 15,000 shares, generating $168,285 in total proceeds. Upon buying the shares at $11.22, the Chief Financial Officer now owns 738,849 shares.

Wolfe Research downgraded its Warner Bros. Discovery Inc. [WBD] rating to a Peer perform from a an Outperform in a research note published on Friday.

Price Performance Review of WBD

On Friday, Warner Bros. Discovery Inc. [NASDAQ:WBD] saw its stock fall -12.02% to $11.56. On the same session, the stock had its day’s lowest price of $11.34, but rose to a high of $12.84. Over the last five days, the stock has lost -5.79%. Warner Bros. Discovery Inc. shares have risen nearly 21.94% since the year began. Nevertheless, the stocks have fallen -12.69% over the past one year. While a 52-week high of $16.34 was reached on 02/27/23, a 52-week low of $8.82 was recorded on 01/03/23. SMA at 50 days reached $12.90, while 200 days put it at $12.97. A total of 62.71 million shares were traded, compared to the trading of 13.17 million shares in the previous session.

Levels Of Support And Resistance For WBD Stock

The 24-hour chart illustrates a support level at 10.99, which if violated will result in even more drops to 10.41. On the upside, there is a resistance level at 12.49. A further resistance level may holdings at 13.41. The Relative Strength Index (RSI) on the 14-day chart is 34.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.09%. Stochastics %K at 41.30% indicates the stock is a holding.

How much short interest is there in Warner Bros. Discovery Inc.?

A steep rise in short interest was recorded in Warner Bros. Discovery Inc. stocks on Aug 14, 2023, growing by 0.89 million shares to a total of 85.88 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 84.99 million shares. There was a rise of 1.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.51.

Warner Bros. Discovery Inc. [WBD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 238,936,139 shares, or roughly 9.81% of the outstanding WBD shares. In other words, the investor’s shares have risen by 33,934,253 from its previous 13-F filing of 205001886.0. Additionally, SSgA Funds Management, Inc. increased 7.73% of its stake after which the total value it holdings stand at $1,546,702,911, while BlackRock Fund Advisors reduced -4.47% of its stake to hold $1.42 billion in the firm. Over the last quarter, Harris Associates LP purchased 4,048,493 shares of Warner Bros. Discovery Inc., while Geode Capital Management LLC bought 258,437 shares. At present, The Baupost Group LLC is holding 25,235,094 shares valued at $329.82 million. Sessa Capital IM LP owned 22,456,900 shares of the company at the time of its most recent 13F filing, worth $293.51 million.


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