Warner Bros. Discovery Inc’s filing revealed that its Officer Savalle Sims acquired Company’s shares for reported $1.8 million on Dec 13 ’24. In the deal valued at $12.32 per share,145,733 shares were bought.
Then, Sims Savalle sold 169,436 shares, generating $2,093,755 in total proceeds. Upon selling the shares at $12.36, the Chief Legal Officer now owns 599,317 shares.
Before that, Zaslav David sold 2,564,000 shares. Warner Bros. Discovery Inc shares valued at $30,075,720 were divested by the Chief Executive Officer & Pres at a price of $11.73 per share. As a result of the transaction, Zaslav David now holds 3,453,591 shares, worth roughly $36.06 million.
MoffettNathanson upgraded its Warner Bros. Discovery Inc [WBD] rating to a Buy from a a Neutral in a research note published on January 21, 2025; the price target was increased to $13 from $9. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid November from “an Underperform” to “a Peer perform”. Bernstein also remained covering WBD and has decreased its forecast on August 13, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Macquarie revised its rating on July 25, 2024. It rated WBD as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of WBD
On Friday, Warner Bros. Discovery Inc [NASDAQ:WBD] saw its stock fall -1.69% to $10.44. Over the last five days, the stock has gained 1.85%. Warner Bros. Discovery Inc shares have fallen nearly -1.23% since the year began. Nevertheless, the stocks have risen 3.37% over the past one year. While a 52-week high of $12.70 was reached on 01/06/25, a 52-week low of $6.64 was recorded on 01/16/25. SMA at 50 days reached $10.44, while 200 days put it at $8.55.
Levels Of Support And Resistance For WBD Stock
The 24-hour chart illustrates a support level at 10.25, which if violated will result in even more drops to 10.06. On the upside, there is a resistance level at 10.73. A further resistance level may holdings at 11.03. The Relative Strength Index (RSI) on the 14-day chart is 53.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.78%. Stochastics %K at 83.60% 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 2025-01-15, dropping by -17.61 million shares to a total of 77.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 94.76 million shares. There was a decline of -22.82%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 16, 2024 when Evercore ISI resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $10.
