Warner Bros. Discovery Inc’s recently made public that its President, International Zeiler Gerhard acquired Company’s shares for reported $0.83 million on May 13 ’24. In the deal valued at $8.30 per share,100,000 shares were bought. As a result of this transaction, Zeiler Gerhard now holds 908,130 shares worth roughly $7.51 million.
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Then, ADVANCE/NEWHOUSE PARTNERSHIP bought 10,000,000 shares, generating $124,900,000 in total proceeds. Upon buying the shares at $12.49, the Director now owns 14,158,459 shares.
Before that, Newhouse Steven O bought 10,000,000 shares. Warner Bros. Discovery Inc shares valued at $124,900,000 were divested by the Director at a price of $12.49 per share. As a result of the transaction, Newhouse Steven O now holds 14,158,459 shares, worth roughly $117.09 million.
KeyBanc Capital Markets upgraded its Warner Bros. Discovery Inc [WBD] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late April from “a Peer perform” to “an Underperform”. Rosenblatt also remained covering WBD and has increased its forecast on March 21, 2024 with a “Neutral” recommendation from previously “Sell” rating. Wells Fargo revised its rating on January 29, 2024. It rated WBD as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of WBD
On Friday, Warner Bros. Discovery Inc [NASDAQ:WBD] saw its stock fall -0.84% to $8.27. Over the last five days, the stock has gained 0.36%. Warner Bros. Discovery Inc shares have fallen nearly -27.33% since the year began. Nevertheless, the stocks have fallen -36.97% over the past one year. While a 52-week high of $14.76 was reached on 01/02/24, a 52-week low of $7.34 was recorded on 05/01/24. SMA at 50 days reached $8.20, while 200 days put it at $9.93. A total of 14.02 million shares were traded, compared to the trading of 29.86 million shares in the previous session.
Levels Of Support And Resistance For WBD Stock
The 24-hour chart illustrates a support level at 8.18, which if violated will result in even more drops to 8.08. On the upside, there is a resistance level at 8.35. A further resistance level may holdings at 8.42. The Relative Strength Index (RSI) on the 14-day chart is 53.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.96%. Stochastics %K at 71.60% indicates the stock is a holding.
