WBD - Why Warner Bros. Discovery Stock Jumped 15% This Week
2024-07-19 11:41:48 ET
There's no decisive reason the stock should be up this week. The headlines have been leaning in a bearish direction, in fact. Nevertheless, as of Friday morning, Warner Bros. Discovery (NASDAQ: WBD) shares are trading a little more than 15% higher than last Friday's close, according to data from S&P Global Market Intelligence.
What gives? Simply put, the market is making some assumptions about the media giant's future.
The thing is, these assumptions aren't crazy.
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Why Warner Bros. Discovery Stock Jumped 15% This Week