Warner Bros posts solid session with 5% gain; upside capped at $11.4

Published: November 25 2022, 13:20 GMT+0

Warner Bros posts solid session with 5% gain; upside capped at $11.4

Investors are currently sidelined due to the Thanksgiving holiday but will return to their desks today. Looking back over the previous session Wednesday: the US mass media and entertainment conglomerate gained 5% and stayed at $11.34 levels.

A look at other communication services stocks also showed bullish price action as Alphabet traded at $98.82 after closing Wednesday's trading day at $97.33 (up 1.53%). Netflix was up 1.68%. Comcast added 1.23% to its value, and traded at $35.53.

The US media colossus reached a significant high of $31.18 around 10 months ago but has lost 65.36% since then.

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