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 $6.83 million.
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Then, ADVANCE/NEWHOUSE PROGRAMMING P sold 10,000,000 shares, generating $124,900,000 in total proceeds. Upon selling the shares at $12.49, the Director now owns 184,023,290 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 $106.47 million.
Bernstein downgraded its Warner Bros. Discovery Inc [WBD] rating to a Mkt perform from a an Outperform in a research note published on August 13, 2024; the price target was decreased to $8 from $10. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Neutral”. Evercore ISI also remained covering WBD and reiterated its “an Outperform” recommendation on July 16, 2024. Goldman started covering the stock on June 25, 2024. It rated WBD as “a Neutral”.
Price Performance Review of WBD
On Friday, Warner Bros. Discovery Inc [NASDAQ:WBD] saw its stock fall -0.27% to $7.52. Over the last five days, the stock has lost -3.34%. Warner Bros. Discovery Inc shares have fallen nearly -33.92% since the year began. Nevertheless, the stocks have fallen -31.39% over the past one year. While a 52-week high of $12.70 was reached on 01/02/24, a 52-week low of $6.64 was recorded on 08/13/24. SMA at 50 days reached $7.75, while 200 days put it at $8.49.
Levels Of Support And Resistance For WBD Stock
The 24-hour chart illustrates a support level at 7.45, which if violated will result in even more drops to 7.38. On the upside, there is a resistance level at 7.65. A further resistance level may holdings at 7.78. The Relative Strength Index (RSI) on the 14-day chart is 39.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.00%. Stochastics %K at 8.46% indicates the stock is a buying.
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 2024-09-30, dropping by -15.15 million shares to a total of 99.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 114.38 million shares. There was a decline of -15.26%, which implies that there is a negative sentiment for the stock.
