Warner Bros. Discovery Inc’s recent filing unveils that its President, International Zeiler Gerhard acquired Company’s shares for reported $0.54 million on Nov 11 ’24. In the deal valued at $9.24 per share,58,000 shares were bought. As a result of this transaction, Zeiler Gerhard now holds 966,130 shares worth roughly $10.2 million.
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Then, Zeiler Gerhard bought 100,000 shares, generating $830,000 in total proceeds. Upon buying the shares at $8.30, the President, International now owns 908,130 shares.
Before that, ADVANCE/NEWHOUSE PROGRAMMING P sold 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, ADVANCE/NEWHOUSE PROGRAMMING P now holds 184,023,290 shares, worth roughly $1.94 billion.
Wolfe Research upgraded its Warner Bros. Discovery Inc [WBD] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Mkt perform”. Macquarie also remained covering WBD and has decreased its forecast on July 25, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Evercore ISI maintained its rating on July 16, 2024. It rated WBD as “an Outperform”.
Price Performance Review of WBD
On Monday, Warner Bros. Discovery Inc [NASDAQ:WBD] saw its stock jump 0.76% to $10.56. Over the last five days, the stock has gained 4.45%. Warner Bros. Discovery Inc shares have fallen nearly -7.21% since the year began. Nevertheless, the stocks have risen 1.05% 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 $8.54, while 200 days put it at $8.18.
Levels Of Support And Resistance For WBD Stock
The 24-hour chart illustrates a support level at 10.36, which if violated will result in even more drops to 10.15. On the upside, there is a resistance level at 10.69. A further resistance level may holdings at 10.81. The Relative Strength Index (RSI) on the 14-day chart is 70.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.21%. Stochastics %K at 96.39% indicates the stock is a selling.
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 2024-11-15, dropping by -0.21 million shares to a total of 104.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 104.96 million shares. There was a decline of -0.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 25, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $8.50 price target.
