Is Warner Bros. Discovery Stock a Buy After Recent Drop?

On Dec. 12, shares of media giant Warner Bros. Discovery NASDAQ: WBD rallied over 15%. This immense gain was due to an announcement that the firm will restructure its business, which offers several key potential benefits. Wall Street analysts have raised their price targets on average, but as of the Dec. 19 close, shares have lost all that gain and more. So, does the recent drop in Warner Bros. stock price signal a buying opportunity? Let's break down the details and potential benefits of the restructuring, ...