Warner Bros Stock Slips Amid Merger Talks

Warner Bros Discovery Inc (NASDAQ:WBD) stock is sliding today, after news that the company met with fellow entertainment name Paramount (PARA) to discuss a potential deal. WBD is down 4% at $11.18 at last glance. The$11 level, which provided a ceiling of pressure through November, appears to be moving in as support. The stock's 80-day moving average also appears to have captured today's pullback. Since the start of the year, the equity is up 17.9%. Options traders are eyeing the equity amid the news. So fa ...