DJ Warner Bros. Discovery Inc. Series A Stock Rises Friday, Still Underperforms Market
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Shares of Warner Bros. Discovery Inc. Series A (WBD) inched 0.25% higher to $7.97 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.26% to 5,127.79 and the Dow Jones Industrial Average rising 1.18% to 38,675.68.
This was the stock's third consecutive day of gains.
Warner Bros. Discovery Inc. Series A closed $6.79 short of its 52-week high ($14.76), which the company reached on August 9th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. $(AAPL)$ rose 5.98% to $183.38, Amazon.com Inc. $(AMZN)$ rose 0.81% to $186.21, and Netflix Inc. $(NFLX)$ rose 2.51% to $579.34.
Trading volume (35.7 M) eclipsed its 50-day average volume of 31.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2024.
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May 03, 2024 17:10 ET (21:10 GMT)
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