Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of the company after its $110 billion acquisition of Warner Bros. Discovery Inc.
WBD Warner Bros. Discovery, Inc. Series A Common Stock
XNAS
30.98
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
WBD
$30.98
—
Key stats
$30.98
- 52-Week Range
- $18.00 – $30.99
- YTD
- +8.65%
- Straddle Price
- $0.00
- P/C Vol Ratio
- 2.47
- Market Cap
- $77.6B
- Open
- $30.95
- Day Range
- $30.94 – $30.99
- Volume
- 481,685,906
- Prev Close
- $30.94
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.24% |
| Beta vs SPY | 1.17 |
| Cost of Equity (CAPM) | 11.67% (VRP-adj) |
| WACC | 9.80% |
| Volatility Risk Premium | +14.8pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -3.6% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $2.2B |
| Return on Equity (TTM) | -9.6% |
| Book / Price | 43.6% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 47.2% |
| FCF Margin (TTM) | 6.0% |
| Debt / Equity | 0.90 |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $28.33 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $29.61 |
| Bollinger Width / SMA20 | 64.1% (drives anchor stability) |
| Net Debt | $27.2B |
| Market Cap | $78B |
Peers used for multiples: CHTR, CMCSA, DIS, ECHO, T, TMUS, VZ
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
5%
20-Day Fair Value
≈ by Nov 4, 2026
$31.30
α +1.1%
rank 14%
conviction
68%
40-Day Fair Value
≈ by Dec 3, 2026
$31.20
α +0.8%
rank 14%
conviction
24%
60-Day Fair Value
≈ by Jan 1, 2027
$30.90
α -0.1%
rank 14%
conviction
5%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $-1.48 | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 9.8× · 6 peers |
| Peer EV/EBITDA | $2.46 | 11% | median 7.5× · 7 peers |
| Peer P/B | $21.59 | 14% | median 1.6× · 7 peers |
| Peer P/S | $19.64 | 14% | median 1.4× · 7 peers |
| Market Anchor (SMA50) | $28.33 | 61% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | $31.38 | 0% | 9 strikes · skew +0.42 |
As of 2026-10-06 · updated
Related
About
- Industry (SIC)
- CABLE & OTHER PAY TELEVISION SERVICES (4841) · industry map
- Exchange
- XNAS
- Market Cap
- $77.6B
- Employees
- 35,500
- List Date
- 2005-07-06
- CIK
- 0001437107
- Headquarters
- New York, NY
- Homepage
- https://www.wbd.com
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streami…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 55.35% | -14.07% | -2.06% | -3.40% | 8.96% |
| Feb | -- | 1.69% | -15.97% | 12.80% | 2.36% | 0.22% |
| Mar | -- | 0.53% | 0.69% | -2.63% | -3.65% | -1.26% |
| Apr | -26.76% | -8.10% | -16.27% | -15.08% | -1.60% | -13.56% |
| May | -4.16% | -15.12% | 8.14% | 18.27% | 0.15% | 1.46% |
| Jun | -24.01% | 10.48% | -10.68% | 14.60% | -2.17% | -2.36% |
| Jul | 5.26% | 0.46% | 21.83% | 20.38% | -1.99% | 9.19% |
| Aug | -14.03% | 2.10% | -6.44% | -9.56% | 9.35% | -3.72% |
| Sep | -12.81% | -6.06% | 12.09% | 68.07% | 9.29% | 14.12% |
| Oct | 8.79% | -5.42% | -0.37% | 16.02% | 0.00%* | 3.80% |
| Nov | -14.61% | 3.67% | 27.34% | 7.67% | -- | 6.02% |
| Dec | -18.49% | 0.44% | 0.09% | 20.74% | -- | 0.69% |
| Total | -68.13% | 29.87% | -4.60% | 241.70% | 7.58% | 41.28% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $29.61
SMA 50: $28.33
SMA 200: $27.69
Current: $30.95
EMA 12: $30.46
EMA 26: $29.64
MACD: 0.8156 | Signal: 0.0767
BULLISH
ADX (14): 43.67
STRONG TREND
+DI: 48.10
−DI: 12.54
Momentum Oscillators
RSI (14): 75.22
OVERBOUGHT
Stoch %K: 99.07
Stoch %D: 99.07
Williams %R: -1.23
Volume & Volatility
BB Upper: $32.42
BB Lower: $26.80
NEUTRAL
OBV: 3,261,413,281
Vol SMA 20: 74,771,438
Vol ROC: 105.77%
ATR: $0.31
True Range: $0.05
HV 20: 37.5%
HV 30: 31.1%
HV 60: 26.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-07T00:00:00 – 2026-10-05T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (confidence level: 6/10)
Key Drivers:
- Strong technical signals from MACD and Bollinger Bands indicating a neutral trend
- Positive news sentiment from recent headlines, particularly in the entertainment industry
Primary Risks:
- Bearish momentum from RSI and Stochastic indicators suggesting potential sell-off
- High implied volatility (IV) compared to historical data, indicating market uncertainty
Investment Thesis: WBD's neutral technical signals and positive news sentiment create a cautiously optimistic outlook. However, the high IV suggests potential market volatility, making it crucial to monitor technical and news developments.
Recent News Sentiment Impact: The recent headlines have been generally positive, with no significant negative news influencing the stock price.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- SMA 20: $26.78 (support)
- Upper Bollinger Band: $28.91 (resistance)
Momentum Signals:
- RSI interpretation: Neutral (66.48) - no clear buy or sell signal
- MACD signal: Bullish (0.52 / Signal: 0.23 / Histogram: 0.29) indicating momentum favoring the bulls
- Bollinger Bands position: Squeeze (neutral)
Volume Analysis:
- Volume SMA 20: 22515218.52 (no clear trend)
- On-Balance Volume (OBV): 2345001178.29 (uptrend) supporting the bullish MACD signal
News & Sentiment Analysis
Recent Headlines Summary:
- Positive news headlines from the entertainment industry, including Game of Thrones and Ed Stafford's JETOUR G700 choice
Sentiment Assessment: Positive sentiment dominates recent news headlines.
Catalyst Identification:
- No immediate catalysts, but positive momentum could continue with further news developments
Market Narrative:
- The neutral technical signals are supported by the positive news sentiment from the entertainment industry
Risk & Volatility Assessment
Risk Interpretation:
- Beta: 0.60 (low risk relative to SPY)
Volatility Regime:
- Historical volatility is relatively low, but implied volatility is high compared to historical data
Options Market Signals:
- IV rank: 100.0% (high) indicating historically high volatility
- Current IV: 117.9%
- Put/Call volume ratio: 3.50 (bearish sentiment)
Downside Protection:
- SMA 20 and Bollinger Band support levels provide a cushion against potential sell-offs
Market Context & Positioning
Sector Performance:
- WBD's sector (Entertainment) is generally strong, supporting the stock's neutral trend
Institutional Activity:
- No significant institutional activity detected from recent volume patterns
Correlation Analysis:
- Correlation with SPY: 0.18 indicating a relatively low correlation between the two stocks
Relative Valuation:
- WBD's price-to-book ratio is within its historical trading range, suggesting reasonable valuation
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $26.78 (support)
- Upper Bollinger Band: $28.91 (resistance)
Breakout/Breakdown Levels:
- No clear breakout/breakdown levels detected from recent technical signals
Time-Sensitive Catalysts:
- No immediate earnings dates or significant news events scheduled
Risk Management:
- Monitor MACD and RSI indicators for potential sell-off signals
- Set stop-loss levels around the SMA 20 support level
Generated
News
All WBD news →
The new massive media conglomerate has a lot to prove.
David Ellison and his family invested approximately $17 billion to complete Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc., according to public filings.
Bond investors backing David Ellison’s audacious $110 billion takeover of Warner Bros. Discovery Inc. are making a bold bet of their own — lending tens of billions of dollars while forgoing many of the legal safeguards typical in debt-laden buyouts.
Skydance’s Warner Bros. Discovery deal puts HBO Max and Paramount+ on a path toward one service while signaling the brands themselves may remain distinct.
The combined Paramount and Warner Bros. Discovery merger is done, with a new name, new executive team, vast cultural footprint and so, so many questions still unanswered.
David Ellison closed the contested $110 billion Warner Bros. Discovery deal and named the result Skydance. Now he inherits the curse that broke AOL and AT&T.
It took just 13 months for David Ellison to acquire two of Hollywood’s most storied movie studios, but for the son of billionaire Larry Ellison, running both Paramount Skydance Corp. and Warner Bros. Discovery Inc. fulfills an ambition he’s held for years.
The new combined equity will now trade as Skydance Corporation.
Paramount Skydance Corp. closed its acquisition of Warner Bros. Discovery Inc., combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible. The new company, called Skydance, will be home to dozens of TV…
Showing 1–10 of 50
Page 1 of 5
Earnings History
14 of 18 under expected move
Avg Expected Move
7.91%
Avg Actual Move
5.11%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2022-04-26 | Pre-Market | 16.00% | 7.77% | 0.49x | Within |
| 2022-08-04 | Pre-Market | 9.10% | 4.61% | 0.51x | Within |
| 2022-10-24 | Pre-Market | 6.15% | 2.30% | 0.37x | Within |
| 2023-02-23 | Pre-Market | 9.73% | 2.01% | 0.21x | Within |
| 2023-05-05 | Pre-Market | 9.81% | 4.54% | 0.46x | Within |
| 2023-08-03 | Pre-Market | 9.08% | 2.71% | 0.30x | Within |
| 2023-11-08 | Pre-Market | 8.79% | 19.04% | 2.17x | Exceeded |
| 2024-02-23 | Pre-Market | 9.62% | 9.94% | 1.03x | Exceeded |
| 2024-05-09 | Pre-Market | 9.10% | 3.08% | 0.34x | Within |
| 2024-08-07 | Pre-Market | 9.45% | 1.85% | 0.20x | Within |
| 2024-11-07 | Pre-Market | 8.77% | 11.81% | 1.35x | Exceeded |
| 2025-02-27 | Pre-Market | 11.14% | 4.76% | 0.43x | Within |
| 2025-05-08 | Pre-Market | 9.81% | 5.26% | 0.54x | Within |
| 2025-08-07 | Pre-Market | 8.60% | 7.27% | 0.85x | Within |
| 2025-11-06 | After-Close | 2.43% | 1.12% | 0.46x | Within |
| 2026-02-26 | After-Close | 1.34% | 2.19% | 1.63x | Exceeded |
| 2026-05-06 | Pre-Market | 1.73% | 0.07% | 0.04x | Within |
| 2026-08-06 | Pre-Market | 1.68% | 1.66% | 0.99x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
WBD Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: — (2026-10-16)
Options Flow
Call Volume: 17,762
Put Volume: 43,886
P/C Volume: 2.471
BEARISH
Call OI: 471,922
Put OI: 2,030,499
P/C OI: 4.303
Total OI: 2,502,421
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 61,648
Chain OI: 2,502,421
Last Updated: 10/16/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 99th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
99%
vs own history
GEX tilt
+0.65
OI-weighted, today
Vanna tilt
+0.65
δ-sensitivity to IV
Charm tilt
-0.48
δ-decay vs time
Vanna tilt +0.65: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.48: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 120 ATM contracts, 612k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
12%
+0.0
pts
EXTREME
as of Oct 5 · ATM 6.9% / Wing 6.9%
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 5 · ATM 29.3% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)$0.00Oct 16
Beta Analysis
Risk Metrics
Beta: 0.4348
Alpha: 50.64%
Correlation: 0.2108
R-Squared: 4.4%
Stock Volatility: 26.5%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 242
Period: 252 trading days
Data Points: 242
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own WBD
7 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $1.54B | #7 of 3716 | +31.2% | 13F | |
| Citadel Hedge fund Ken Griffin | $1.19B | #7 of 6285 | +51.8% | 13F | |
| Third Point Activist Dan Loeb | $533.2M | #1 of 43 | new | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $162.2M | #79 of 3138 | +58.1% | 13F | |
| Soros Fund Management Family office George Soros, Robert Soros, Jonathan Soros | $39.7M | #56 of 251 | +36.3% | 13F | |
| Point72 Hedge fund Steve Cohen | $24.7M | #518 of 1945 | +90.4% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $2.6M | #1267 of 4729 | -0.2% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
WBD Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 2,519,000,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
63 filers$1.63B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $199.76M | 12.26% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $173.69M | 10.66% | 2026-06-30 |
| 3 | Goldman Sachs Group Inc Custodian | $138.28M | 8.49% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $126.93M | 7.79% | 2026-06-30 |
| 5 | Caption Management, LLC | $118.98M | 7.30% | 2026-06-30 |
| 6 | TOMS Capital Investment Management LP | $93.35M | 5.73% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $79.74M | 4.89% | 2026-06-30 |
| 8 | ExodusPoint Capital Management, LP | $71.25M | 4.37% | 2026-06-30 |
| 9 | NOMURA HOLDINGS INC | $65.99M | 4.05% | 2026-06-30 |
| 10 | Walleye Trading LLC | $65.90M | 4.05% | 2026-06-30 |
| 11 | GROUP ONE TRADING LLC Custodian | $51.31M | 3.15% | 2026-06-30 |
| 12 | SONA ASSET MANAGEMENT (US) LLC | $49.90M | 3.06% | 2026-06-30 |
| 13 | LMR Partners LLP | $49.32M | 3.03% | 2026-06-30 |
| 14 | Verition Fund Management LLC | $37.48M | 2.30% | 2026-06-30 |
| 15 | Simplex Trading, LLC Custodian | $35.75M | 2.19% | 2026-06-30 |
| 16 | Calamos Advisors LLC | $32.78M | 2.01% | 2026-06-30 |
| 17 | Greenland Capital Management LP | $27.33M | 1.68% | 2026-06-30 |
| 18 | Centiva Capital, LP | $23.34M | 1.43% | 2026-06-30 |
| 19 | Wolverine Trading, LLC Custodian | $21.37M | 1.31% | 2025-09-30 |
| 20 | TIG Advisors, LLC | $13.88M | 0.85% | 2026-06-30 |
| 21 | Barclays PLC Custodian | $13.33M | 0.82% | 2026-06-30 |
| 22 | Balyasny Asset Management L.P. | $13.33M | 0.82% | 2026-06-30 |
| 23 | UBS Group AG Custodian | $12.79M | 0.79% | 2026-06-30 |
| 24 | TORONTO DOMINION BANK | $12.43M | 0.76% | 2026-06-30 |
| 25 | Point72 Asset Management, L.P. | $10.34M | 0.64% | 2026-06-30 |
61 filers$3.36B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $555.08M | 16.53% | 2026-06-30 |
| 2 | Goldman Sachs Group Inc Custodian | $353.84M | 10.54% | 2026-06-30 |
| 3 | Caption Management, LLC | $307.17M | 9.15% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $229.57M | 6.83% | 2026-06-30 |
| 5 | Symmetry Investments LP | $212.86M | 6.34% | 2026-06-30 |
| 6 | Balyasny Asset Management L.P. | $200.61M | 5.97% | 2026-06-30 |
| 7 | Hudson Bay Capital Management LP | $153.75M | 4.58% | 2026-06-30 |
| 8 | Millennium Management LLC Custodian | $145.02M | 4.32% | 2026-06-30 |
| 9 | Pentwater Capital Management LP | $128.55M | 3.83% | 2026-06-30 |
| 10 | Jane Street Group, LLC Custodian | $81.50M | 2.43% | 2026-06-30 |
| 11 | SONA ASSET MANAGEMENT (US) LLC | $79.98M | 2.38% | 2026-06-30 |
| 12 | LMR Partners LLP | $75.98M | 2.26% | 2026-06-30 |
| 13 | NOMURA HOLDINGS INC | $70.55M | 2.10% | 2026-06-30 |
| 14 | Verition Fund Management LLC | $66.41M | 1.98% | 2026-06-30 |
| 15 | Fort Baker Capital Management LP | $64.32M | 1.92% | 2026-06-30 |
| 16 | CAPSTONE INVESTMENT ADVISORS, LLC | $58.44M | 1.74% | 2026-06-30 |
| 17 | Capula Management Ltd | $55.99M | 1.67% | 2026-06-30 |
| 18 | Centiva Capital, LP | $48.92M | 1.46% | 2026-06-30 |
| 19 | TIG Advisors, LLC | $36.44M | 1.08% | 2026-06-30 |
| 20 | Walleye Trading LLC | $35.09M | 1.04% | 2026-06-30 |
| 21 | Lighthouse Investment Partners, LLC | $33.67M | 1.00% | 2026-06-30 |
| 22 | WHITEBOX ADVISORS LLC | $29.33M | 0.87% | 2026-06-30 |
| 23 | FMR LLC Custodian | $26.66M | 0.79% | 2026-06-30 |
| 24 | Barclays PLC Custodian | $25.33M | 0.75% | 2026-06-30 |
| 25 | Schonfeld Strategic Advisors LLC | $23.06M | 0.69% | 2026-06-30 |
WBD Insider Trading (Form 4)
Latest: 2026-10-08Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-08 | Priya Aiyar | Chief Legal Officer | Mixed | −897,844 | $31.02 | -$57.27M | EDGAR |
| 2026-10-08 | Lori C. Locke | Chief Accounting Officer | Mixed | −86,906 | $31.02 | -$4.59M | EDGAR |
| 2026-10-08 | Amy Girdwood | Chief People & Culture Officer | Mixed | −539,374 | $31.02 | -$22.79M | EDGAR |
| 2026-10-08 | Jean-Briac Perrette | Pres.&CEO, Global Streaming | Mixed | −1,047,016 | $31.02 | -$133.74M | EDGAR |
| 2026-10-08 | Gunnar Wiedenfels | Chief Financial Officer | Mixed | −705,397 | $31.02 | -$114.39M | EDGAR |
| 2026-10-08 | Bruce Campbell | Chief Rev & Strategy Officer | Mixed | −604,666 | $31.02 | -$120.02M | EDGAR |
| 2026-10-08 | Gerhard Zeiler | President, International | Mixed | −537,436 | $31.02 | -$86.05M | EDGAR |
| 2026-10-08 | David Zaslav | Chief Executive Officer & Pres | Mixed | −6,807,934 | $31.02 | -$224.37M | EDGAR |
| 2026-10-06 | Joseph Levin | Director | Disp (D) | −10,537 | $31.02 | -$326.8K | EDGAR |
| 2026-10-06 | Paula A Price | Director | Disp (D) | −59,151 | $31.02 | -$1.83M | EDGAR |
| 2026-10-06 | Daniel E. Sanchez | Director | Disp (D) | −44,054 | $31.02 | -$1.37M | EDGAR |
| 2026-10-06 | Anthony Noto | Director | Disp (D) | −45,306 | $31.02 | -$1.41M | EDGAR |
| 2026-10-06 | Debra L Lee | Director | Disp (D) | −42,806 | $31.02 | -$1.33M | EDGAR |
| 2026-10-06 | Kenneth W Lowe | Director | Disp (D) | −581,834 | $31.02 | -$18.05M | EDGAR |
| 2026-10-06 | Samuel A Di Piazza Jr. | Director | Disp (D) | −101,037 | $31.05 | -$3.14M | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
WBD Insider Holdings
8 insiders · @ $30.95
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | David Zaslav | Chief Executive Officer & Pres | 3,737,162 | $115.67M | -$228.82M | 19 | 2026-10-08 |
| 2 | Gerhard Zeiler | President, International | 2,236,849 | $69.23M | -$30.14M | 21 | 2026-10-08 |
| 3 | Savalle Sims | Chief Legal Officer | 623,023 | $19.28M | -$2.09M | 10 | 2024-12-17 |
| 4 | Jennifer Remling | Chief People & Culture Officer | 443,626 | $13.73M | $0 | 2 | 2025-03-04 |
| 5 | Bruce Campbell | Chief Rev & Strategy Officer | 227,532 | $7.04M | -$54.42M | 24 | 2026-10-08 |
| 6 | Jean-Briac Perrette | Pres.&CEO, Global Streaming | 227,532 | $7.04M | -$21.74M | 23 | 2026-10-08 |
| 7 | Paul A Gould | Director | 103,159 | $3.19M | -$16.32M | 9 | 2026-10-06 |
| 8 | Debra L Lee | Director | 16,106 | $498.5K | $0 | 9 | 2026-10-06 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
WBD Proposed Insider Sales (Form 144)
Latest: 2026-09-14
? Form 144 Guide
Last 30d:
2 filings
· $1.0M notice value
· Last 90d:
14 filings
· $153.7M notice value
· 9 unique filers
· 21% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Zaslav David (3, $86.6M) · Jean-Briac Perrette (1, $16.1M) · Zeiler Gerhard (1, $16.0M) · LOWE KENNETH W (3, $14.5M) · LEVY ANTON J (1, $9.7M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-14 | Locke Lori C. | Officer | 29,115 | $819.0K | 2026-09-14 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-09-11 | FISHER RICHARD W | Director | 6,700 | $188.0K | 2026-09-11 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-09-09 | Girdwood Amy | Officer | 262,285 | $7.34M | 2026-09-09 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-09-08 | LOWE KENNETH W | Director | 200,000 | $5.62M | 2026-09-08 | Charles Schwab Corp. | — | EDGAR |
| 2026-09-03 | LEVY ANTON J | Director | 340,000 | $9.65M | 2026-09-03 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-09-03 | LOWE KENNETH W | Director | 200,000 | $5.67M | 2026-09-03 | Charles Schwab Corp. | — | EDGAR |
| 2026-08-27 | Jean-Briac Perrette | Officer | 559,184 | $16.08M | 2026-08-27 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-08-14 | Zaslav David | Officer, Director | 194,999 | $5.46M | 2026-08-14 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-08-13 | Zaslav David | Officer, Director | 773,173 | $21.66M | 2026-08-13 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-08-13 | Merchant Fazal F | Director | 71,539 | $1.99M | 2026-08-13 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-04
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-04 | 0001193125-26-256559 | EDGAR |
| 2026-05-27 | 0001193125-26-240646 | EDGAR |
| 2026-05-19 | 0001437107-26-000059 | EDGAR |
| 2026-05-06 | 0001437107-26-000055 | EDGAR |
| 2026-04-30 | 0001437107-26-000048 | EDGAR |
| 2026-04-23 | 0001193125-26-173660 | EDGAR |
| 2026-03-16 | 0001193125-26-108437 | EDGAR |
| 2026-02-27 | 0001437107-26-000018 | EDGAR |
| 2026-02-26 | 0001437107-26-000011 | EDGAR |
| 2026-02-18 | 0001193125-26-057173 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-06 | 0001437107-26-000057 | EDGAR |
| 2025-11-06 | 0001437107-25-000216 | EDGAR |
| 2025-08-07 | 0001437107-25-000192 | EDGAR |
| 2025-05-08 | 0001437107-25-000096 | EDGAR |
| 2024-11-07 | 0001437107-24-000187 | EDGAR |
| 2024-08-07 | 0001437107-24-000165 | EDGAR |
| 2024-05-09 | 0001437107-24-000110 | EDGAR |
| 2023-11-08 | 0001437107-23-000173 | EDGAR |
| 2023-08-03 | 0001437107-23-000144 | EDGAR |
| 2023-05-05 | 0001437107-23-000077 | EDGAR |
ETF Holders
133 ETFs hold WBD
25 shown · $7.87B total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.10% | $2.3B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.12% | $2.0B | — | 2026-09-30 |
| 3 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.73% | $1.6B | — | 2026-09-30 |
| 4 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.28% | $703.2M | — | 2026-09-30 |
| 5 | VOE Vanguard Morningstar Mid-Cap Value ETF | Vanguard | 1.26% | $460.9M | — | 2026-09-30 |
| 6 | VOX Vanguard Communication Services ETF | Vanguard | 2.74% | $172.7M | — | 2026-09-30 |
| 7 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.11% | $87.0M | — | 2026-09-30 |
| 8 | FNDX Schwab Fundamental U.S. Large Company ETF | Nport | 0.32% | $82.4M | — | 2026-05-31 |
| 9 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.10% | $71.2M | — | 2026-05-31 |
| 10 | VT Vanguard Total World Stock ETF | Vanguard | 0.06% | $64.4M | — | 2026-09-30 |
| 11 | VONV Vanguard Russell 1000 Value ETF | Vanguard | 0.20% | $47.7M | — | 2026-09-30 |
| 12 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.09% | $39.7M | — | 2026-05-31 |
| 13 | QQQI NEOS Nasdaq-100(R) High Income ETF | Nport | 0.29% | $38.0M | — | 2026-06-30 |
| 14 | SCHV Schwab U.S. Large-Cap Value ETF | Nport | 0.22% | $33.8M | — | 2026-05-31 |
| 15 | VOOV Vanguard S&P 500 Value ETF | Vanguard | 0.27% | $18.1M | — | 2026-09-30 |
| 16 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.00% | $13.8M | — | 2026-09-30 |
| 17 | VONE Vanguard Russell 1000 ETF | Vanguard | 0.11% | $12.9M | — | 2026-09-30 |
| 18 | SPYI NEOS S&P 500(R) High Income ETF | Nport | 0.10% | $10.7M | — | 2026-06-30 |
| 19 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.00% | $9.1M | — | 2026-09-30 |
| 20 | MNA NYLIM Merger Arbitrage ETF | Nport | 3.14% | $7.9M | — | 2026-07-31 |
| 21 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.00% | $7.5M | $190.1B | 2026-10-14 |
| 22 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.10% | $6.6M | — | 2026-09-30 |
| 23 | SCHK Schwab 1000 Index ETF | Nport | 0.10% | $5.4M | — | 2026-05-31 |
| 24 | BKLC BNY Mellon US Large Cap Core Equity ETF | Nport | 0.09% | $5.1M | — | 2026-07-31 |
| 25 | SNPE Xtrackers S&P 500 Scored & Screened ETF | Nport | 0.17% | $4.6M | — | 2026-05-29 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-1.27
TTM Revenue
$36.12B
TTM Net Income
$-3.17B
TTM Op. Cash Flow
$3.42B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $8.72B | $149.00M | $0.06 | $848.00M |
| Q1 '26 | 2026-03-31 | $8.89B | $-2.92B | $-1.17 | $-208.00M |
| Q4 '25 | 2025-12-31 | $9.46B | $-252.00M | $-0.10 | $1.80B |
| Q3 '25 | 2025-09-30 | $9.04B | $-148.00M | $-0.06 | $979.00M |
| Q2 '25 | 2025-06-30 | $9.81B | $1.58B | $0.63 | $983.00M |
| Q1 '25 | 2025-03-31 | $8.98B | $-453.00M | $-0.18 | $553.00M |
| Q4 '24 | 2024-12-31 | $10.03B | $-494.00M | $-0.20 | $2.71B |
| Q3 '24 | 2024-09-30 | $9.62B | $135.00M | $0.05 | $847.00M |
| Q2 '24 | 2024-06-30 | $9.71B | $-9.99B | $-4.07 | $1.23B |
| Q1 '24 | 2024-03-31 | $9.96B | $-966.00M | $-0.40 | $585.00M |
| Q4 '23 | 2023-12-31 | $10.28B | $-400.00M | $-0.16 | $3.58B |
| Q3 '23 | 2023-09-30 | $9.98B | $-417.00M | $-0.17 | $2.52B |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-06
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
—
P/S
—
EV/EBITDA
—
EV/Sales
—
ROE
-9.3%
ROA
-3.3%
Div Yield
0.00%
FCF Yield
—
Debt/Equity
0.90
Current Ratio
—
Market Cap
$0.00
as of 2026-10-06
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
57.76M
SI % of Float
2.40%
Days to Cover
1.00
Short Vol Ratio
48.7%
Free Float
2.40B
Float %
95.8%
Short interest 2026-09-30 • Short volume 2026-10-05 • Float 2026-05-15