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 $1,795,430 were purchased by Savalle Sims on Dec 13 ’24. At $12.32 per share, Savalle Sims acquired 145,733 shares.
Also, Sims Savalle sold 169,436 shares, netting a total of over 2,093,755 in proceeds. Following the sale of shares at $12.36 each, the insider now holds 599,317 shares.
Before that, Zaslav David had sold 2,564,000 shares from its account. In a trade valued at $30,075,720, the Chief Executive Officer & Pres traded Warner Bros. Discovery Inc shares for $11.73 each. Upon closing the transaction, the insider’s holdings decreased to 2,564,000 shares, worth approximately $34.71 million.
As published in a research note from MoffettNathanson on January 21, 2025, Warner Bros. Discovery Inc [WBD] has been rated up from a Neutral to a Buy and the price target has been revised to $13 from $9. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid November. As of August 13, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for WBD. Earlier on July 25, 2024, Macquarie downgraded its rating. Their new recommendation was “a Neutral” for WBD stock which previously was a “an Outperform”.
Analyzing WBD Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, Warner Bros. Discovery Inc shares have dropped approximately -4.92%. Shares of the company reached a 52-week high of $10.95 on 01/06/25 and a 52-week low of $9.45 on 01/16/25. A 50-day SMA is recorded $10.30, while a 200-day SMA reached $8.48. Nevertheless, trading volume fell to 32.34 million shares from 25.87 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 9.83, which, if violated, would cause prices to drop to 9.61. In the upper region, resistance lies at 10.17. The next price resistance is at 10.29. RSI (Relative Strength Index) is 48.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 60.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
