Warner Bros. Discovery Inc (NASDAQ:WBD) shares, rose in value, with the stock price down by -0.71% to the previous day’s close as strong demand from buyers drove the stock to $8.38.
Actively observing the price movement in the last trading, the stock closed the session at $8.44. Referring to stock’s 52-week performance, its high was $14.76, and the low was $8.02. On the whole, WBD has fluctuated by -0.95% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WBD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WBD currently trading nearly -0.99% and -4.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.14, while the 7-day volatility ratio is showing 2.65% which for the 30-day chart, stands at 3.13%. Furthermore, Warner Bros. Discovery Inc (WBD)’s beta value is 1.48, and its average true range (ATR) is 0.28.
A comparison of Warner Bros. Discovery Inc (WBD) with its peers suggests the former has fared considerably weaker in the market. WBD showed an intraday change of -0.71% in last session, and over the past year, it shrunk by -37.28%%.
Data on historical trading for Warner Bros. Discovery Inc (NASDAQ:WBD) indicates that the trading volumes over the past 3 months, they’ve averaged 28.57 million. According to company’s latest data on outstanding shares, there are 2.44 billion shares outstanding.
Nearly 9.54% of Warner Bros. Discovery Inc’s shares belong to company insiders and institutional investors own 60.80% of the company’s shares. The stock has fallen by -26.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WBD stock heading into the next quarter.
