New investors appear cautiously optimistic that the merged entity has a promising future
Warner Bros. Discovery, the merged entity of WarnerMedia and Discovery, started its first Nasdaq trading day on Monday at $24.08 per share, rocketed up to close to $26 per share, then closed at $24.78, up 1.27% — hardly a monumental increase, but encouraging all the same. Meanwhile, former WarnerMedia parent AT&T’s stock price on Monday jumped 8%, to $19.67, as a probable result of Friday’s closure of the deal. The Warner Bros. Discovery share price dipped to $24.48 in after-hours trading, but the start and finish were close enough that the day could hardly be called a roller coaster.
