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Friday, December 2, 2022

Warner Bros. Discovery Inc. (NASDAQ: WBD) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Warner Bros. Discovery Inc. (WBD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.40, or +3.35%, to $12.35. Volume reached 917,793 shares, with price reaching a high of $12.36 and a low of $12.29. Recently, Yahoo Finance discussed the stock, revealing that The Beneficient Company Group, a Leading Technology-Enabled Provider of Liquidity and Related Services to Investors in Alternative Assets, to Go Public via Combination with Avalon Acquisition Inc..

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Stocks Info

Warner Bros. Discovery Inc. is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Entertainment industry. At the end of the last regular session, the stock closed at $12.36 and fluctuated between $12.55 as its day high and $12.04 as its day low. The current market capitalization of Warner Bros. Discovery Inc. is $30.42B. A total of 18.23 million shares were traded on the day, compared to an average of 23.82M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WBD has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 677,404 and the disposition of 0 shares. Over the last 12 months, there were 75 BUYs and 60 SELLs from insiders. Insiders purchased 227,147,734 shares during that period but sold 192,956,143.

In the most recent transaction, Zeiler Gerhard bought 20,000 shares of WBD for 14.69 per share on Aug 08. After the transaction, the President, International now owns 230,507 company shares. In a previous transaction on May 05, YANG GEOFFREY Y bought 58,296 shares at 18.79 per share. WBD shares that Director owns now total 35,653.

Among the insiders who bought shares, Di Piazza Samuel A Jr. acquired of 2,700 shares on May 02 at a per-share price of $18.52. This resulted in the Director holding 2,700 shares of WBD after the transaction. In another insider transaction, Di Piazza Samuel A Jr. bought 13,500 shares at $18.45 per share on May 02. Company shares held by the Director now total 42,893.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WBD in the last 3 months, the mean price target is $23.67 with high estimates of $48.00 and low estimates of $9.00. In terms of 52-week highs and lows, WBD has a high of $31.55 and a low of $11.20.

As of this writing, WBD has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.49 per share and a lower estimate of $-0.34.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WBD’s latest balance sheet shows that the firm has $3.90B in Cash & Short Term Investments as of fiscal 2021. There were $14.76B in debt and $3.46B in liabilities at the time. Its Book Value Per Share was $22.48, while its Total Shareholder’s Equity was $13.40B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WBD is Sell with a score of 3.84. A total of 11 analysts rated the stock as Buy while 1 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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