Warner Bros. Discovery Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $2.5 to $20.0 for Warner Bros. Discovery over the last 3 months. Rosenblatt and Truist Securities have downgraded their actions on WBD with price targets of $10 and $17 respectively.
September 08, 2023 | 3:16 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Warner Bros. Discovery. Analysts have downgraded their actions on the stock.
The unusual options activity, with a majority being bearish, indicates that large investors are expecting the stock price to decrease. This is further supported by the downgrades from Rosenblatt and Truist Securities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100