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 $535,920 were purchased by Zeiler Gerhard on Nov 11 ’24. At $9.24 per share, Zeiler Gerhard acquired 58,000 shares. The insider’s holdings grew to 966,130 shares worth approximately $9.39 million following the completion of this transaction.
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Also, Zeiler Gerhard purchased 100,000 shares, netting a total of over 830,000 in proceeds. Following the buying of shares at $8.30 each, the insider now holds 908,130 shares.
Before that, ADVANCE/NEWHOUSE PROGRAMMING P had sold 10,000,000 shares from its account. In a trade valued at $124,900,000, the Director traded Warner Bros. Discovery Inc shares for $12.49 each. Upon closing the transaction, the insider’s holdings decreased to 10,000,000 shares, worth approximately $1.79 billion.
As published in a research note from Wolfe Research on November 11, 2024, Warner Bros. Discovery Inc [WBD] has been rated up from an Underperform to a Peer perform. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid August. As of July 25, 2024, Macquarie has decreased its “an Outperform” rating to a “Neutral” for WBD. Earlier on July 16, 2024, Evercore ISI resumed its rating. Their recommendation was “an Outperform” for WBD stock.
Analyzing WBD Stock Performance
During the last five days, there has been a surge of approximately 15.99%. Over the course of the year, Warner Bros. Discovery Inc shares have dropped approximately -14.59%. Shares of the company reached a 52-week high of $12.00 on 01/02/24 and a 52-week low of $6.64 on 08/13/24. A 50-day SMA is recorded $8.01, while a 200-day SMA reached $8.18. Nevertheless, trading volume fell to 46.14 million shares from 35.22 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 9.39, which, if violated, would cause prices to drop to 9.05. In the upper region, resistance lies at 9.97. The next price resistance is at 10.22. RSI (Relative Strength Index) is 75.33 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 7.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
