This Is What Whales Are Betting On Warner Bros. Discovery
Portfolio Pulse from Benzinga Insights
A large bearish position on Warner Bros. Discovery (NASDAQ:WBD) has been spotted, with 80% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $10.0 to $15.0 for WBD over the last 3 months. Analysts have mixed ratings on the stock, with Goldman Sachs maintaining a Buy rating and a price target of $21, while Morgan Stanley maintains an Equal-Weight rating with a price target of $16.
June 02, 2023 | 3:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large bearish position has been spotted on Warner Bros. Discovery (NASDAQ:WBD), with 80% of big-money traders showing bearish sentiment. Analysts have mixed ratings on the stock.
The large bearish position on Warner Bros. Discovery indicates that big-money traders expect the stock price to decline in the short term. This bearish sentiment, combined with mixed analyst ratings, suggests that the stock price may face downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100