Warner Bros. Discovery (WBD) Stock: Price, Trend, Options & Financials
Warner Bros. Discovery's price regime, relative strength, unusual-options and unusual-volume history, curated-manager ownership and filed fundamentals — joined into one dated stock intelligence page.
What the evidence says now
WBD closed at $28.55 on Aug 21, 2026. The price is +6.8% from its 50-day average and +5.8% from its 200-day average, which places it in the rules-based “recovery above trend” regime. The relative-strength check: over three months the stock returned +5.3%, beating SPY by 2.3%. It remains 4.8% below its 52-week high.
Sources, methodology & freshnessLast updated 2026-08-21 · Open ↓Close ↑
The close is +6.8% from its 50-day average and +5.8% from its 200-day average. Over three months, WBD returned +5.3% versus +3.1% for SPY.
- vs 50-day
- +6.8%
- vs 200-day
- +5.8%
- From 52W high
- -4.8%
Descriptive, not predictive. “Uptrend” is a rules-based reading of the close and moving averages; it is not a rating, price target or recommendation.
Price & regime
One year of daily price and volume
252 split-adjusted sessions · candles above, share volume below
Unusual options — attention, not intent
WBD appeared in a UOA top-30 list on 0 of 62 archived scanner sessions: 0 call-side, 0 put-side and 0 on both lists. The latest session did not place it in either top 30. Its larger composite score was -0.20, below the 1.5 “strong” threshold. No archived session has cleared the issuer-level top-30 cutoff.
| Recent flag | Call rank | Put rank |
|---|---|---|
| No issuer-level top-30 flags in the current archive. | ||
Latest chain snapshot
2026-08-21Strong-signature cutoff: 1.5. Current OTM volume/OI: 0.077 calls, 0.032 puts.
Curated-manager ownership
2 of the 20 managers in the project's curated 13F set reported a long Warner Bros. Discovery position in their latest filing, worth $593M in aggregate at each filing's reported value. This is a focused manager panel, not the complete institutional holder list.
| Fund / manager | Position value | Portfolio | Shares | Quarter change | Report date |
|---|---|---|---|---|---|
Third Point Daniel Loeb · WBD | $533M | 11.39% | 20.00M | — new | 2026-06-30 |
Greenlight Capital David Einhorn · WBD | $60M | 1.53% | 2.25M | — new | 2026-06-30 |
Filed fundamentals — latest snapshot
Go deeper into the filings
The dedicated Financials dashboard carries the complete quarterly and annual income statement, balance sheet and cash-flow history, with derived figures flagged and every XBRL concept disclosed.
Open WBD Financials →How WBD trades — the working manual
Warner Bros. Discovery owns film and television studios, a global streaming service and a declining linear cable network portfolio, and carries substantial debt from the 2022 merger. For the stock, streaming profitability and deleveraging are the argument; the cash still generated by shrinking networks is what funds both.
What can move the tape
- 01Streaming subscriber growth, pricing and the trajectory from losses to sustained profit.
- 02Studio performance across theatrical, television production and games.
- 03Linear network advertising and affiliate revenue, and the pace of the secular decline.
- 04Free cash flow, debt reduction and the structure of the announced separation.
What can fool the read
- 01Linear networks fund the transition while declining, so timing between the two curves is the central risk.
- 02Content spending and theatrical outcomes make results lumpy quarter to quarter.
- 03Leverage from the merger constrains flexibility if cash flow weakens.
- 04Corporate restructuring and separation plans can change what the reported entity contains.
Warner Bros. Discovery triggered 1 issuer-level flag in the committed 2026-04-01–2026-08-21 archive. The latest was WBD on 2026-07-31: 1.6× its 30-day average volume while the stock moved +3.5% that session.
Not published yet. The local archive has 1 reported WBD events—too few for a defensible gap-and-drift study. This missing block is an explicit indexing blocker.
Source map & freshness
| Block | What it uses | Vintage | Raw data |
|---|---|---|---|
| Identity | SEC issuer + primary security mapping | 2026-08-23 | JSON ↓ |
| Price & trend | Split-adjusted daily OHLCV + SPY comparison | 2026-08-21 | CSV ↓ |
| Options | End-of-day chain anomaly ranks | 2026-08-21 | Premium → |
| Ownership | Latest filings from 20 curated 13F managers | 2026-08-21 | Tool → |
| Financials | SEC EDGAR XBRL company facts | 2026-08-23 | JSON ↓ |
| Joined profile | The exact contract rendered by this page | 2026-08-23 | JSON ↓ |
WBD stock questions
Is WBD stock in an uptrend?+
WBD is classified in the “recovery above trend” regime as of 2026-08-21: the close is +6.8% from its 50-day average and +5.8% from its 200-day average. This describes the current tape. It is not a forecast.
What does unusual options activity in WBD mean?+
WBD has not appeared in either issuer-level top-30 list during the current archive. A future flag would identify an OTM chain outlier relative to the scanner universe. It would identify no buyer, seller, institution or spread leg.
Are the WBD 13F holdings current?+
No. 13F filings are delayed quarter-end snapshots and cover only the curated managers in this project. They are useful for documented ownership changes, not real-time positioning or complete institutional ownership.
Where are WBD's income statement and cash flow?+
The dedicated WBD Financials page contains the full quarterly and annual income statement, balance sheet and cash-flow history parsed from SEC EDGAR XBRL. This stock page carries only the latest filed snapshot.
Why is there no WBD earnings-move base rate yet?+
The committed earnings archive does not yet contain enough reported events for a defensible company-level reaction study. The page leaves that block unpublished instead of presenting a tiny sample as a reliable base rate.