WBD
Warner Bros. Discovery Inc. Communication Services - Media Investor Relations →
Warner Bros. Discovery Inc. (WBD) closed at $27.36 as of 2026-02-02, trading 114.8% above its 200-week moving average of $12.74. The stock is currently moving closer to the line, down from 116.5% last week. The 14-week RSI sits at 69, indicating neutral momentum.
Over the past 1026 weeks of data, WBD has crossed below its 200-week moving average 12 times. On average, these episodes lasted 40 weeks. Historically, investors who bought WBD at the start of these episodes saw an average one-year return of +9.1%.
With a market cap of $67.8 billion, WBD is a large-cap stock. The company generates a free cash flow yield of 25.4%, which is notably high. Return on equity stands at 1.0%. The stock trades at 1.9x book value.
Share count has increased 385.2% over three years, indicating dilution.
Over the past 19.8 years, a hypothetical investment of $100 in WBD would have grown to $403, compared to $783 for the S&P 500. WBD has returned 7.3% annualized vs 11.0% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 2 open-market purchases totaling $3,747,918.
Free cash flow has been growing at a 22.2% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: WBD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After WBD Crosses Below the Line?
Across 12 historical episodes, buying WBD when it crossed below its 200-week moving average produced an average return of +10.5% after 12 months (median -5.0%), compared to +3.4% for the S&P 500 over the same periods. 42% of those episodes were profitable after one year. After 24 months, the average return was +20.9% vs +22.7% for the index.
Each line shows $100 invested at the moment WBD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
WBD has crossed below its 200-week MA 12 times with an average 1-year return of +9.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2006 | Oct 2006 | 16 | 8.3% | +70.0% | +313.8% |
| Aug 2008 | Aug 2008 | 1 | 2.5% | +54.1% | +221.0% |
| Sep 2008 | Mar 2009 | 27 | 39.6% | +71.0% | +230.5% |
| Jan 2015 | May 2015 | 20 | 11.4% | -18.8% | -14.6% |
| Jun 2015 | Aug 2018 | 167 | 46.2% | -19.6% | -15.8% |
| Dec 2018 | Jan 2019 | 3 | 8.6% | +31.5% | +9.2% |
| Mar 2019 | Mar 2019 | 1 | 0.1% | -29.7% | +2.6% |
| Sep 2019 | Sep 2019 | 1 | 1.2% | -9.0% | +4.3% |
| Feb 2020 | Nov 2020 | 39 | 31.1% | +106.3% | +6.5% |
| Aug 2021 | Jan 2022 | 20 | 18.5% | -51.1% | -2.5% |
| Jan 2022 | Jan 2022 | 2 | 8.6% | -50.3% | +4.5% |
| Feb 2022 | Sep 2025 | 185 | 65.0% | -44.9% | -3.1% |
| Average | 40 | — | +9.1% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02