Warner Bros. Discovery Unusual Options Activity For June 07
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Warner Bros. Discovery (NASDAQ:WBD), with 75% bullish and 25% bearish sentiment. Whales have been targeting a price range of $7.5 to $15.0 for the stock over the last 3 months. Barrington Research upgraded its rating to Outperform with a price target of $18, while Morgan Stanley maintained an Equal-Weight rating with a price target of $14.
June 07, 2023 | 5:03 pm
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Warner Bros. Discovery (NASDAQ:WBD) experiences unusual options activity, with a majority of 75% bullish sentiment. Analysts have mixed price targets, with Barrington Research at $18 and Morgan Stanley at $14.
The unusual options activity, with a majority of 75% bullish sentiment, indicates that there may be positive expectations for Warner Bros. Discovery's stock price in the short term. Additionally, the mixed price targets from analysts, with Barrington Research upgrading to Outperform and a price target of $18, and Morgan Stanley maintaining an Equal-Weight rating with a price target of $14, suggest that there is potential for the stock price to increase. However, the 25% bearish sentiment and the fact that options are riskier assets should be taken into consideration.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100