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 $30.95 on Oct 5, 2026. The price is +9.3% from its 50-day average and +11.8% from its 200-day average, which places it in the rules-based “established uptrend” regime. The relative-strength check: over three months the stock returned +18.5%, beating SPY by 16.0%. It remains 0.1% below its 52-week high.
Sources, methodology & freshnessSplit-adjusted OHLCV, end-of-day options chains, SEC 13F filings and EDGAR XBRL company facts · Price/options daily; 13F quarterly; Financials each earnings seasonData as of 2026-10-05 · Open ↓Close ↑
The close is +9.3% from its 50-day average and +11.8% from its 200-day average. Over three months, WBD returned +18.5% versus +2.5% for SPY.
- vs 50-day
- +9.3%
- vs 200-day
- +11.8%
- From 52W high
- -0.1%
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 2 of 94 archived scanner sessions: 1 call-side, 1 put-side and 0 on both lists. The latest session did not place it in either top 30. Its larger composite score was 0.77, below the 1.5 “strong” threshold. That is repeated options attention, not proof of bullish trade initiation.
| Recent flag | Call rank | Put rank |
|---|---|---|
| 2026-09-11 | #12 | — |
| 2026-09-08 | — | #15 |
Latest chain snapshot
2026-10-07Strong-signature cutoff: 1.5. Current OTM volume/OI: 0.088 calls, 0.023 puts.
Researched catalyst context
2026-09-21Sep 21: Warner Bros. Discovery rose 10.8% to $30.80 on 233.3 million shares, 12.8x its 30-day average, after Paramount Skydance settled the antitrust lawsuit brought by a group of state attorneys general led by California, and the Writers Guild settled its own suit, removing the two legal challenges to Paramount's $111 billion acquisition. The states' case had been set for trial in March.
The deal had cleared competition authorities in nearly 70 jurisdictions, and the state suit was the remaining obstacle that could have held it up into mid-2027. California's attorney general said the settlement is not an endorsement of the merger. With the litigation gone, the stock trades mainly on the gap to the deal price and the closing timetable.
Source: ↗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 2 issuer-level flags in the committed 2026-04-01–2026-10-08 archive. The latest was WBD on 2026-09-21: 12.8× 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 | 2026-10-08 | JSON ↓ |
| Price & trend | Split-adjusted daily OHLCV + SPY comparison | 2026-10-05 | CSV ↓ |
| Options | End-of-day chain anomaly ranks | 2026-10-07 | Premium → |
| Ownership | Latest filings from 20 curated 13F managers | 2026-10-08 | Tool → |
| Financials | SEC EDGAR XBRL company facts | 2026-08-27 | JSON ↓ |
| Joined profile | The exact contract rendered by this page | 2026-10-08 | JSON ↓ |
WBD stock questions
Is WBD stock in an uptrend?+
WBD is classified in the “established uptrend” regime as of 2026-10-05: the close is +9.3% from its 50-day average and +11.8% from its 200-day average. This describes the current tape. It is not a forecast.
What does unusual options activity in WBD mean?+
Warner Bros. Discovery's OTM option chain produced an outlier relative to the scanner universe on at least one archived session. Call-side and put-side labels identify which book produced the signature; end-of-day chain data does not identify buyers, sellers, institutions or spread legs.
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.