WBD Surges to 52-Week High, Eyes $26-$27 Zone
$Warner Bros. Discovery(WBD)$ Surged +2.76%: Media Giant Hits New 52-Week High at $24.75, Momentum Building
Latest Close Data
WBD closed at $24.53 on December 3rd, gaining +2.76% (+$0.66), reaching a new 52-week high of $24.75.
The stock is now trading 226% above its 52-week low of $7.52, demonstrating remarkable recovery momentum.
Core Market Drivers
Strong institutional backing with major holders like Vanguard (11.35%) and BlackRock (7.45%) maintaining positions.
The media sector is benefiting from streaming consolidation trends and cost-cutting initiatives.
Trading volume of 46.58M shares with volume ratio of 1.31 indicates heightened investor interest.
Technical Analysis
RSI(6) at 75.62 shows overbought conditions but maintains bullish momentum.
MACD DIF at 0.914 approaching DEA at 0.928 signals potential golden cross formation.
KDJ indicator shows K-line at 78.95, confirming strong upward momentum with J-line reaching 96.63.
Key Price Levels
Primary Support: $22.93 (previous key level)
Strong Resistance: $24.75 (new 52-week high)
Immediate Pivot: $23.93 (previous resistance now support)
Valuation Perspective
Trading at P/E TTM of 126.36x and P/S ratio of 1.61x.
Forward P/E of 71.44 suggests high growth expectations despite elevated current valuation compared to media sector averages.
Analyst Targets
22 institutions provide coverage with average target of $22.61.
Mixed sentiment: 6 Strong Buy, 9 Buy, 12 Hold ratings suggest cautious optimism at current levels.
Weekly Outlook
Expect consolidation between $23.50-$25.00 range.
Break above $24.75 targets $26-27 zone, while failure to hold $23.93 may trigger pullback to $22.93 support level.
Risk Disclaimer
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