Warner Bros Discovery (WBD) Stock Plummets Over 14% on NASDAQ, Breaking Below $8
NEW YORK, April 10 – Shares of Warner Bros. Discovery, Inc. (NASDAQ: WBD) experienced a dramatic sell-off during Wednesday’s trading session, sending the stock price sharply lower on the NASDAQ exchange.
As of 12:18 PM Eastern Daylight Time (UTC-4), WBD shares were trading at $7.91. This marks a significant decline of $1.35, equating to a steep 14.58% drop for the day. The plunge represents a substantial loss for shareholders compared to the previous closing price of $9.26.
The intraday chart highlights the severity of the downturn, showing a sharp fall right from the market open, followed by continued downward pressure throughout the morning and into the early afternoon. The move pushed the media conglomerate’s stock below the key $8.00 per share level.
This significant negative price action in Warner Bros. Discovery stock is drawing considerable attention from the investment community. Factors contributing to such sharp declines often involve market sentiment, industry news, company-specific updates, or broader economic indicators, although the specific trigger for Wednesday’s heavy selling requires further context beyond the immediate price action.
Warner Bros. Discovery, a major player in the global media and entertainment landscape, continues to be closely watched by investors following the merger that formed the current company.
