The launch of Discovery's streaming service, along with an improving outlook for television advertising in 2021, largely explains why the stock price rose sharply over the last few months. The shares are also trading in bargain territory at a price-to- free cash-flow multiple of 9.5.
Full Answer
Why are shares of discovery stock prices falling?
Mar 30, 2022 · Warner Bros. Discovery's stock was trading at $24.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DISCA shares have increased by 1.5% and is now trading at $24.43. View which stocks have been most impacted by COVID-19.
Was Discovery’s 27% stock drop caused by insider trading?
Feb 02, 2021 · The launch of Discovery's streaming service, along with an improving outlook for television advertising in 2021, largely explains why the …
How much is a share of discovery worth?
Mar 31, 2021 · Discovery's lightly traded class B shares surged more than 82% on Wednesday, showing a spike in volume and divergence from the company's class A shares that is highly unusual.. The class B stock ...
Are discovery’S Class A shares a good short-squeeze target?
Mar 26, 2021 · Trading volume on Discovery stock was extraordinarily high today, approaching 50 million shares before 2 p.m. EDT. This indicates that an institutional investor may have decided to sell some of its...
Why did Discovery go up?
Discovery shares surged 33% last week, the biggest weekly increase in more than 13 years. The jump was driven largely by Bank of America analyst Jessica Reif Ehrlich's upgrade of the shares, partly on the grounds that the newly merged business would be ripe for cost-cutting.Jan 13, 2022
Why did Discovery stock jump?
Wrote the Times: “Discovery's stock began to inexplicably rocket in February and March to $75 from $45 because of a convoluted trading scandal involving Archegos, a little-known private investment firm that bet big on Discovery and other companies via derivatives using billions in borrowed money.”
Will Warner brothers discovery pay a dividend?
In its 2022 10-K report released in February, Discovery said: “We have not paid any cash dividends on our Series A common stock, Series B common stock or Series C common stock, and we have no present intention to do so.”Apr 11, 2022
Is Discovery a good investment?
Historically a very strong stock, Discovery shares may currently be in a period of dwindling, but will still be viewed as a potential long-term buy.
What will happen to Discovery shares after merger?
Discovery's existing shareholders own the remainder of the new company. In addition to their new shares of WBD common stock, AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close.Apr 8, 2022
Who owns the most AT&T stock?
The Vanguard Group, Inc.Top 10 Owners of AT&T IncStockholderStakeShares ownedThe Vanguard Group, Inc.7.61%543,188,574BlackRock Fund Advisors5.00%357,074,157SSgA Funds Management, Inc.4.44%317,213,113Newport Trust Co.2.71%193,703,3706 more rows
Will AT&T stockholders get discovery stock?
In an SEC filing, the telecom giant said it will issue its shareholders a special dividend on April 5. For each share of AT&T common stock, holders will get 0.24 share in Warner Bros Discovery.Mar 25, 2022
Will AT&T shareholders get discovery stock?
On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery, Inc. (WBD) for each share of AT&T common stock.Mar 25, 2022
Who owns Warner media?
Warner Bros. DiscoveryWarnerMedia / Parent organizationWarner Bros. Discovery, Inc. is an American multinational mass media and entertainment conglomerate. The company was formed through the divestment of WarnerMedia by AT&T, and its merger with Discovery, Inc. on April 8, 2022. Wikipedia
Can you buy Discovery stock?
Discovery, Inc., formerly Discovery Communications, Inc. Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. , you can buy Discovery Inc stock in any dollar amount, or any other fund or stock you know on Stash.
Can you buy Discovery shares?
Discovery Limited (DSY) is a leading insurance-life business based in South Africa. It opened the day at ZACR14500 after a previous close of ZACR14440. During the day the price has varied from a low of ZACR14273 to a high of ZACR14595....Discovery shares at a glance.OpenR14,500.00Volume more info button1,074,4877 more rows
What is Steinhoff share price?
Performance OutlookPrevious Close0.1830Bid0.1812 x 137500Ask0.1832 x 393700Day's Range0.1782 - 0.187252 Week Range0.0600 - 0.32583 more rows
Is Discovery a buy right now?
11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discovery in the last year. There are currently 4 hold...
How has Discovery's stock price been impacted by Coronavirus (COVID-19)?
Discovery's stock was trading at $24.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organ...
Are investors shorting Discovery?
Discovery saw a increase in short interest in February. As of February 28th, there was short interest totaling 35,950,000 shares, an increase of 18...
When is Discovery's next earnings date?
Discovery is scheduled to release its next quarterly earnings announcement on Wednesday, April 27th 2022. View our earnings forecast for Discovery .
How were Discovery's earnings last quarter?
Discovery, Inc. (NASDAQ:DISCA) announced its quarterly earnings results on Thursday, February, 24th. The company reported $0.14 EPS for the quarter...
What price target have analysts set for DISCA?
11 analysts have issued 12-month price objectives for Discovery's stock. Their forecasts range from $27.00 to $59.00. On average, they expect Disco...
What are Wall Street analysts saying about Discovery stock?
Here are some recent quotes from research analysts about Discovery stock: 1. Citigroup Inc. analysts commented, "@context":"http:\/\/schema.org","...
Who are Discovery's key executives?
Discovery's management team includes the following people: David M. Zaslav , President, Chief Executive Officer & Director David C. Leavy , Chie...
What is David M. Zaslav's approval rating as Discovery's CEO?
498 employees have rated Discovery CEO David M. Zaslav on Glassdoor.com . David M. Zaslav has an approval rating of 76% among Discovery's employees.
What happened
Shares of Discovery ( DISCA ) ( DISCK -1.57% ) gained 37.7% in value last month, according to data provided by S&P Global Market Intelligence . Investors have high hopes that Discovery can accelerate growth after launching the discovery+ streaming service in December.
So what
Discovery+ enters the streaming market loaded with content from the company's network lineup, including HGTV, Food Network, TLC, Travel Channel, Discovery Channel, and Animal Planet, among others.
NASDAQ: DISCK
While traditional television is still relevant, cable is expensive and is losing the value proposition to streaming. eMarketer estimated that 31.2 million households will have cut cable through 2020, and that total is expected to rise, reaching 46.6 million by 2024. That's a shrinking market for Discovery's cable channels.
Now what
Discovery has an advantage in having a massive library of content in local languages around the world. This localized content gives Discovery more than a 30% market share in certain regions, which management will certainly bank on to grow discovery+.
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What happened
Shares of Discovery Communications ( DISCA ) ( DISCK -0.07% ) were sinking again today. Investors continued to bail out of suddenly popular legacy media stocks like Discovery and ViacomCBS ( PARA -3.31% ), which have recently launched streaming services.
So what
Trading volume on Discovery stock was extraordinarily high today, approaching 50 million shares before 2 p.m. EDT. This indicates that an institutional investor may have decided to sell some of its stake in the media company.
Now what
The last year has seen the floodgates open in streaming, with services like Disney +, Apple TV+, Peacock, HBOMax, Discovery+, and Paramount+ either launching or ramping up significantly. In its Feb. 22 earnings report, Discovery said it had signed up 11 million subscribers to Discovery+, which launched on Jan.
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DISCB Stock: Another Short Squeeze?
An interesting report from Zero Hedge today highlights the idea that DISCB stock is yet another short squeeze underway.
The Bottom Line on Discovery
The recent mayhem provided by the Archegos block sale earlier this week is providing a trading opportunity. Indeed, it appears DISCB stock is yet another of a myriad of targets pursued by social media-savvy investors.
Is AT&T stock down?
AT&T stock was down over 26% in 2020, even after recovering nearly 30% from its lows of the coronavirus bear market. So far in 2021, share have traded down 2%. On the positive side, the stock maintains a high 7.4% annualized dividend yield in a very low interest rate environment.
Is the stock market in an uptrend?
Currently, the stock market is in an uptrend which means it's a great time to identify top stock contenders for your portfolio and initiate new positions. Investors should seek out leading stocks in leading industry groups that are outperforming the market.
