There Is A Quest For Clarity Surrounding Warner Bros. Discovery Inc (NASDAQ: WBD) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that WARNER BROS. DISCOVERY CEO AND PRESIDENT, GLOBAL STREAMING AND GAMES JB PERRETTE TO PRESENT AT THE MORGAN STANLEY 2024 TECHNOLOGY, MEDIA & TELECOM CONFERENCE.

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Stocks Info

This NASDAQ-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $8.86 and fluctuated between $9.27 as its day high and $8.82 as its day low. The current market capitalization of Warner Bros. Discovery Inc is $21.62B. A total of 26.33 million shares were traded on the day, compared to an average of 25.75M shares.

In the most recent transaction, ADVANCE/NEWHOUSE PARTNERSHIP bought 10,000,000 shares of WBD for 12.49 per share on Dec 14 ’23. After the transaction, the Director now owns 14,158,459 company shares. In a previous transaction on Dec 14 ’23, Newhouse Steven O bought 10,000,000 shares at 12.49 per share. WBD shares that Director owns now total 14,158,459.

Among the insiders who sold shares, Newhouse Steven O disposed of 10,000,000 shares on Dec 14 ’23 at a per-share price of $12.49. This resulted in the Director holding 184,023,290 shares of WBD after the transaction. In another insider transaction, ADVANCE/NEWHOUSE PROGRAMMING P sold 10,000,000 shares at $12.49 per share on Dec 14 ’23. Company shares held by the Director now total 184,023,290.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, WBD has a high of $15.56 and a low of $8.02.

As of this writing, WBD has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0 per share and a lower estimate of -$0.47. The company reported an EPS of -$0.17 in the last quarter, which was -1,600.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $18.54, while its Total Shareholder’s Equity was $13.40B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.79.

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