Check Out What Whales Are Doing With WBD
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $10.0 to $20.0 for Warner Bros. Discovery over the last 3 months. The current price of WBD is down -2.66% at $10.74. Analysts from Truist Securities, Rosenblatt, and Raymond James have given varied price targets.
September 28, 2023 | 2:47 pm
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NEUTRAL IMPACT
A large investor has taken a bullish stance on Warner Bros. Discovery (NASDAQ:WBD), with a significant options position. The stock's price is currently down -2.66% at $10.74.
The news of a large investor taking a bullish stance on Warner Bros. Discovery could potentially influence other investors to follow suit, which could drive the stock price up. However, the current price is down, and the sentiment among big-money traders is split evenly between bullish and bearish. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100