WBD Surges +3.8%, Hits New 52-Week High, Eyes $30+
$Warner Bros. Discovery(WBD)$
Warner Bros Discovery (WBD) Surged +3.78%: Media Giant Hits New 52-Week High at $28.34, Momentum Building
Latest Close Data
WBD closed at $28.26 on December 10, up +3.78% (+$1.03), hitting a new 52-week high of $28.34.
The stock has now gained 275.8% from its 52-week low of $7.52, with after-hours trading extending to $28.33.
Core Market Drivers
The media conglomerate benefited from improved streaming momentum and cost-cutting initiatives under CEO David Zaslav's leadership.
Strong institutional backing from Vanguard (11.35%) and BlackRock (7.45%) provides solid support. Recent capital inflows of $139.88M on December 5th signal renewed investor confidence.
Technical Analysis
Volume surged to 107M shares (1.13x ratio) with robust institutional buying.
MACD shows strong bullish momentum with DIF at 1.43 and positive histogram at 0.67.
RSI(6) reached extreme overbought at 93.75, while RSI(24) at 78.26 suggests caution.
KDJ indicators confirm continued upward pressure with K at 91.37.
Key Price Levels
Primary Support: $22.91 |
Strong Resistance: $28.31 (now broken)
Immediate Pivot: $27.37.
Breaking above $28.34 opens path to $30 psychological resistance.
Valuation Perspective
Trading at P/E TTM of 145.58x and P/S of 1.85x, reflecting premium valuation. Forward P/E of 82.27 suggests earnings growth expectations, though well above media sector averages.
Analyst Targets
17 analysts provide average target of $24.82 (range: $10-$30). Rating breakdown: 3 Strong Buy, 8 Buy, 11 Hold, indicating cautious optimism despite recent surge.
Weekly Outlook
Expect consolidation in $27.00-$29.00 range as RSI cools from extreme levels. Break above $30 targets $32-$35, while failure to hold $27 could trigger pullback to $24-$25.
Risk Disclaimer
This analysis is for informational purposes only and not investment advice. Past performance doesn't guarantee future results. Consider professional consultation before trading decisions.
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