The drop in Discovery’s stock comes after it had a major sell-off in March (as did ViacomCBS shares) precipitated by analyst downgrades and a forced trade of billions of dollars worth of shares by an investment firm.
Full Answer
Why did Discovery’s shares drop?
Mar 26, 2021 · However, Discovery said that the volatility was not the result of insider transactions or trading. As of 1:40 p.m. EDT, Discovery Series A shares were down 27%, while Series C shares had fallen 30.9%.
Who sells discovery company stock?
Mar 26, 2021 · DISCA +0.20 (+0.74%) Shares of ViacomCBS and Discovery continued their dramatic plunge Friday, each closing down more than 27%. That’s led to ViacomCBS shedding more than 50% for the week, while ...
What is the upside for Discovery's stock?
Mar 10, 2021 · Discovery Communications stock rose 18% over a five-day trading period ending 3/5/2021, compared to a broader market (S&P500) rise of 1.1%. A change of 18% or more over five trading days is an ...
Did insider transactions cause discovery's 27% drop?
Mar 24, 2021 · Discovery (NASDAQ:DISCA) is dropping for a second day after a UBS sell call, down 6.7% and continuing a pullback from an epic 2021 rally.; The shares have actually been dropping each day this week ...
What happened to Discovery shares?
Is Discovery a good stock to buy?
...
Warner Brothers Discovery Stock Is a Speculative Buy At Best.
| Ticker | Company | Current Price |
|---|---|---|
| WBD | Discovery | $23.94 |
Why did Discovery stock fall in March?
What will happen to Discovery shares after merger?
Is DISCA buy or sell?
Warner Bros. Discovery has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.
Is DISCA a buy now?
Will ATT stockholders get discovery stock?
What is the difference between discovery A and K shares?
Who will buy Discovery Communications?
Will Discovery pay a dividend?
What is Discovery stock worth?
...
Performance Outlook.
| Previous Close | 23.07 |
|---|---|
| 52 Week Range | 21.66 - 39.70 |
| Volume | 22,358,922 |
| Avg. Volume | 11,993,640 |
What is discovery worth?
| Logo from 2018–2022 | |
|---|---|
| Formerly | Cable Educational Network Inc. (1985–1994) Discovery Communications (1994–2018) |
| Net income | US$1.355 billion (2020) |
| Total assets | US$34.087 billion (2020) |
| Total equity | US$12.000 billion (2020) |
Latest Stocks Videos
In The Money: Groundhog Day: Mega-Cap Tech Stocks Out From the Shadows? Feb 02, 2022
Trefis
Trefis is an interactive financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future.
When did Discovery Plus launch?
Both companies had seen their stocks more than double in price in 2021 with the launch of new subscription streaming plays — Discovery Plus debuted in January, and ViacomCBS’ upsized Paramount Plus launched March 4.
When will Discovery release results for 2021?
Discovery plans to release first-quarter 2021 results on May 10. Meanwhile, on Thursday, analyst firm MoffettNathanson downgraded ViacomCBS from “neutral” to “sell” and lowered its price target by to $55 per share (down from $67).
Who is investigating Discovery?
DISCOVERY ALERT: Bragar Eagel & Squire, P.C. Is Investigating Discovery, Inc. on Behalf of Discovery Stockholders and Encourages Investors to Contact the Firm
What is the consensus rating for Discovery?
Discovery has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 7 buy ratings, 8 hold ratings, and no sell ratings.
What is the DISCA symbol?
Discovery trades on the NASDAQ under the ticker symbol "DISCA."
What is the PEG ratio of Discovery?
Discovery has a PEG Ratio of 0.83. PEG Ratios below 1 indicate that a company could be undervalued.
Does Discovery have a long track record of dividend growth?
Discovery does not have a long track record of dividend growth.
Is Discovery advertising hit hard?
2. According to Zacks Investment Research, "Discovery has been hit hard by the coronavirus-led disruption on advertising demand and spending. Its fourth-quarter 2020 results reflected sluggishness in the U.S. Networks’ advertising business. Further, incremental spending on direct-to-consumer initiatives and international business are likely to keep margins under pressure. Notably, higher selling, general and administrative expenses hurt profitability in the reported quarter. Its leveraged balance sheet remains a concern. Nevertheless, Discovery’s fourth-quarter results reflected recovery in advertising sending, primarily in the international markets. The company witnessed strong viewing share growth in the United Kingdom, Spain and Portugal. Additionally, its solid free cash flow generating ability boost investor confidence. Shares have outperformed the industry year to date." (4/27/2021)
Is AT&T merging with Discovery?
AT&T surprised Wall Street Monday by saying it will spin off its media division WarnerMedia — which is bought for $85 billion just three years ago — and merge it with Discovery. The move joins household name media brands such as WarnerMedia's HBO and CNN with Discovery's HGTV, Animal Planet, Food Network, and TLC under one house.
Is Discovery a WarnerMedia?
The newly combined WarnerMedia and Discovery would form one of the largest global streaming platforms in direct competition with Netflix and Amazon. Proceeds from the deal for AT&T will go towards paying down a considerable debt-load of more than $160 billion, which will help as the soon to be pure-play telecom giant builds out its 5G network. AT&T is set to receive $43 billion in a combination of cash, debt securities and WarnerMedia's retention of certain debt, according to the press release announcing the deal.
