WBD Rare Stock To Shrug Off Major Market Slump As Investors Await Paramount’s Next Move

Shares of Warner Bros. Discovery firmed Monday, one of the few equities in the green as tariff and trade uncertainty tanked markets. WBD has had an exceptional run over the past six months since Paramount began lobbing unsolicited takeover bids, triggering an auction that resulted in Warner’s December deal with Netflix, but with PSKY continuing […] (L-R) David Ellison and David Zaslav Getty Images Shares of Warner Bros. Discovery firmed Monday, one of the few equities in the green as tariff and trade uncertainty tanked markets. WBD has had an exceptional run over the past six months since Paramount began lobbing unsolicited takeover bids, triggering an auction that resulted in Warner’s December deal with Netflix, but with PSKY continuing to push through a hostile tender offer. Languishing at under $12 last fall, WBD shares have more than doubled to over $28 including a 1% bump today even as the Dow Jones Industrial Average shed 800 points. The Nasdaq, S&P 500 and Russell 3000 are down, respectively, 1.2%, 1% and 1.8%. Related Stories News Everything We Know About Netflix's 'Peaky Blinders' Movie So Far