Stock Market Today: Warner Bros. Discovery Rises 1.4% During Split Progress and Streaming Strength

The stock set a new 52-week high on heavy trading.Warner Bros. Discovery Inc. (WBD 1.62%) closed at $13.50, gaining 1.43% on heavy trading volume of approximately 125 million shares  -- more than double its average of 54 million shares. The stock reached an intraday high of $13.68, marking its 52-week high, before settling near closing levels. Today's rise builds on momentum from the company's mid-June announcement to spin off its Streaming & Studios and Global Networks divisions, a strategic restructuring ...