This Is What Whales Are Betting On Warner Bros. Discovery
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Warner Bros. Discovery (NASDAQ:WBD), with 54% of investors opening trades with bearish expectations. The whales have been targeting a price range from $5.0 to $15.0 for Warner Bros. Discovery over the last 3 months. The price of WBD is up 4.63% at $12.32, and RSI indicators suggest the stock may be approaching overbought. Morgan Stanley has maintained their Equal-Weight rating on Warner Bros. Discovery, with a price target of $14.

June 27, 2023 | 4:17 pm
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NEGATIVE IMPACT
Bearish stance taken by significant investor on Warner Bros. Discovery (NASDAQ:WBD). Price target range of $5.0 to $15.0 targeted over last 3 months. Current price up 4.63% at $12.32.
The bearish stance taken by a significant investor, along with the fact that 54% of investors have opened trades with bearish expectations, could potentially lead to a decrease in the stock price. Additionally, the RSI indicators suggest the stock may be approaching overbought, which could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100