Alert: Major Price Advance (9/12/24)-Warner Bros. Discovery Inc (NASDAQ: WBD).

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Warner Bros. Discovery Inc (NASDAQ: WBD) stock closed at $7.66 on 9/12/24 after a major increase of 10.4%. Moreover, this advance was accompanied by unusually high trading volume at 183% of normal. The stock has risen 4.6% during the last week but has been extremely weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, WBD is expected to continue to be a Value Builder.

Warner Bros. Discovery has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Warner Bros. Discovery has a very high Appreciation Score of 98 but a very low Power Rating of 14, with the Neutral Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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