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Benzinga
Benzinga
Business
Henry Khederian

Warner Bros. Discovery (WBD) Stock Slides On Major Stake Sale

WBD Warner Bros Warner Bros Discovery
Warner Bros. Discovery

Shares of Warner Bros. Discovery (NASDAQ:WBD) are trading lower in Tuesday morning trading following the disclosure of a stock sale by a major institutional investor.

What To Know: A/NPP Diversified Holdings, an affiliate of Advance/Newhouse Partnership, reported the sale of 100 million shares, reducing its stake in the media giant to 3.97%.

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