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Barchart
Will Ashworth

Karma Comes Knocking at Warner Bros. Discovery’s Door

DIS Warner Bros Karma David Zaslav WBD Gunnar Wiedenfels Disney

Warner Bros. Discovery (WBD) reported Q3 2023 results before the markets opened this morning. Investors didn’t like what they heard. As a result, WBD is down more than 19%, making it the worst-performing S&P 500 stock on the day.

As a result of Wednesday’s smackdown, WBD stock has lost all of its gains over the past year and is now down nearly 4% over the past 52 weeks. I’m confident investors are looking to scoop up its shares on the dip.

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