Why Warner Bros. Discovery Stock Jumped 15% This Week
Warner Bros. Discovery(WBD) The Motley Fool·2024-07-19 23:41
The unlikely rally actually makes sense given how much investors were hoping someone would say what was just said.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 (WBD 1.00%) 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 ...