--- title: "Weekly Recap | WBD.US +0.26%, closing in on record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/300853247.md" description: "Warner Bros. Discovery (WBD) rose 0.26% this week to close at $30.94, outperforming the S&P 500 by around 0.53 percentage points. The weekly range was just 0.58%, with price holding a narrow $30.79-$30.97 band. Monday and Tuesday saw a tight consolidation around $30.85-$30.90; Wednesday widened the range to a week-high of $30.97 before settling at $30.95. Thursday and Friday then squeezed back into a $30.93-$30.96 range." datetime: "2026-10-03T08:09:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300853247.md) - [en](https://longbridge.com/en/news/300853247.md) - [zh-HK](https://longbridge.com/zh-HK/news/300853247.md) generator: "portal-rs" --- # Weekly Recap | WBD.US +0.26%, closing in on record highs ## The Week Warner Bros. Discovery (WBD) rose 0.26% this week to close at $30.94, outperforming the S&P 500 by around 0.53 percentage points. The weekly range was just 0.58%, with price holding a narrow $30.79-$30.97 band. Monday and Tuesday saw a tight consolidation around $30.85-$30.90; Wednesday widened the range to a week-high of $30.97 before settling at $30.95. Thursday and Friday then squeezed back into a $30.93-$30.96 range. Against a falling market, WBD’s week read as a drift to the top of a range rather than a clean break. ## Key Events The week centred on the closing steps of the Paramount Skydance and Warner Bros. Discovery merger. On 1 October, Paramount Skydance said it aims to close the proposed merger on 6 October, after pricing a $39.65 billion and EUR 885 million senior secured notes offering. The next day, sources said Paramount CEO Ellison asked CNN chief Thompson to stay on, and Ellison named Kreiz as co-CEO of the combined company, framing the move as bringing in cost-cutting expertise. Ellison later said the merged entity will be named Skydance. During the week WBD touched a record intraday high, with reports that executives will leave once the deal completes. On the index side, WBD is set to leave the Nasdaq 100 and S&P 500 after the $81 billion buyout closes. ## Analyst Ratings Among 20 brokers giving ratings, 2 rate WBD a buy, 16 rate it hold, 1 rates it underperform, and 1 rates it sell; none rate it outperform or have no opinion. The consensus rating is hold, with a consensus target of $30.17, about 2.5% below the latest price of $30.94. Targets range from $26.00 to $31.25, a fairly tight spread with the top end only slightly above spot. Within the film and entertainment industry, WBD ranks 8th out of 44 names by broker rating. ## The Week Ahead 6 October is the planned merger completion date, so integration updates, management decisions and index changes will come into focus. On the macro side, the US S&P Global services PMI final and ISM services PMI land early next week, with previous readings of 58.7 and 55.4 respectively; the tone there may feed into broader risk appetite. ## In Short WBD edged higher this week and beat the broader market, yet the broker consensus stays at hold and the consensus target sits just below spot. Merger completion is now days away, and the confirmed index exit removes one overhang while shifting attention to execution and cost-cutting delivery. The next move depends less on a single announcement and more on how quickly the new structure shows results. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [WBD.US](https://longbridge.com/en/quote/WBD.US.md) ## Related News & Research - [Paramount Skydance CEO Says WBD Merger Could Close in 'Two Weeks' as Stocks Jump](https://longbridge.com/en/news/299714328.md) - [Paramount, Warner Bros. Merger To Advance With State AGs Settlement](https://longbridge.com/en/news/299720666.md) - [Oracle Stocks Edge Up as $1 Billion Backs AI Partners](https://longbridge.com/en/news/302919901.md) - [American Express Q3'26 net income jumps 28% year over year to $3.71 billion](https://longbridge.com/en/news/302868355.md) - [GRAPHIC-Take Five: AI trade meets the Fed](https://longbridge.com/en/news/302836715.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**