Warner Bros. Discovery Inc’s recent filing unveils that its Chief Legal Officer Sims Savalle unloaded Company’s shares for reported $2.09 million on Dec 13 ’24. In the deal valued at $12.36 per share,169,436 shares were sold. As a result of this transaction, Sims Savalle now holds 599,317 shares worth roughly $6.8 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Zaslav David sold 2,564,000 shares, generating $30,075,720 in total proceeds. Upon selling the shares at $11.73, the Chief Executive Officer & Pres now owns 3,453,591 shares.
Before that, David Zaslav bought 2,700,000 shares. Warner Bros. Discovery Inc shares valued at $32,589,000 were divested by the Affiliate at a price of $12.07 per share.
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 Tuesday, Warner Bros. Discovery Inc [NASDAQ:WBD] saw its stock fall -2.16% to $11.35. Over the last five days, the stock has gained 4.22%. Warner Bros. Discovery Inc shares have fallen nearly -0.26% since the year began. Nevertheless, the stocks have fallen -7.42% over the past one year. While a 52-week high of $12.70 was reached on 12/12/24, a 52-week low of $6.64 was recorded on 08/13/24. SMA at 50 days reached $9.20, while 200 days put it at $8.30.
Levels Of Support And Resistance For WBD Stock
The 24-hour chart illustrates a support level at 11.14, which if violated will result in even more drops to 10.92. On the upside, there is a resistance level at 11.65. A further resistance level may holdings at 11.94. The Relative Strength Index (RSI) on the 14-day chart is 62.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.57%. Stochastics %K at 60.22% indicates the stock is a holding.
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 2024-11-29, dropping by -4.82 million shares to a total of 94.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 99.61 million shares. There was a decline of -5.09%, 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.
