Warner Bros Discovery Inc traded an impressive 265,486 contracts, equivalent to approximately 26.5 million underlying shares. This figure represents a whopping 140.1% of its average daily trading volume over the past month. The $11 strike put option, expiring on October 13, 2023, was particularly noteworthy with a high volume of 150,113 contracts.
As a prominent...
This past few days, WBD is registering impressive numbers volume-wise. It is now amassing huge net buy positions on the weekly data ascertaining trending shift to the upside.
Higher lows on the weekly histogram and pricing has been created -- conveying the current levels as as the new price base for the series of coming ascend.
Volume has increased exponentially...
Headline here is WarnerBrothersDiscovery’s streaming unit swung from a $654M loss to a $50M profit for Q123. Aside from Netflix, none of the streamers are profitable – so profit in WBD’s streaming unit is a “big win” for the company and proof of CEO Zaslav’s drive to reduce debt and increase cashflow. Analysts were forecasting a streaming loss of ~$70M-90M. The...
