Warner Bros. Discovery's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish trend in options trading for Warner Bros. Discovery (NASDAQ:WBD), with 80% of trades showing bullish sentiment. The trading activity focuses on a price range between $2.5 and $15.0. Warner Bros. Discovery, formed from the merger of WarnerMedia and Discovery Communications, operates in studios, networks, and direct-to-consumer segments. The stock is currently trading at $9.88, up 1.33%, with an anticipated earnings release in 15 days. Analysts have set an average target price of $12.33, with varying ratings from Neutral to Outperform.
February 08, 2024 | 4:32 pm
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Warner Bros. Discovery shows a bullish trend in options trading, with the stock currently up 1.33% and trading at $9.88. Analysts have set an average target price of $12.33, indicating potential upside.
The bullish sentiment in options trading, combined with the current positive stock movement and analyst target prices, suggests a short-term upward trend for WBD. The company's diverse operations and upcoming earnings release further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100