The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Warner Bros. Discovery Inc shares valued at $830,000 were purchased by Zeiler Gerhard on May 13 ’24. At $8.30 per share, Zeiler Gerhard acquired 100,000 shares. The insider’s holdings grew to 908,130 shares worth approximately $6.66 million following the completion of this transaction.
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Also, ADVANCE/NEWHOUSE PROGRAMMING P sold 10,000,000 shares, netting a total of over 124,900,000 in proceeds. Following the sale of shares at $12.49 each, the insider now holds 184,023,290 shares.
Before that, Newhouse Steven O had added 10,000,000 shares to its account. In a trade valued at $124,900,000, the Director bought Warner Bros. Discovery Inc shares for $12.49 each. Upon closing the transaction, the insider’s holdings increased to 10,000,000 shares, worth approximately $103.78 million.
As published in a research note from Bernstein on August 13, 2024, Warner Bros. Discovery Inc [WBD] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $8 from $10. Analysts at Macquarie downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 16, 2024, Evercore ISI has reiterated its “an Outperform” rating for WBD. Earlier on June 25, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for WBD stock.
Analyzing WBD Stock Performance
During the last five days, there has been a drop of approximately -8.38%. Over the course of the year, Warner Bros. Discovery Inc shares have dropped approximately -35.59%. Nevertheless, trading volume fell to 23.21 million shares from 28.06 million shares the previous day.
Support And Resistance Levels for Warner Bros. Discovery Inc (WBD)
RSI (Relative Strength Index) is 38.39 on the 14-day chart, showing neutral technical sentiment.
