Why Warner Music Group (WMG) Shares Are Plunging Today [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
third-quarter earnings, which missed analysts' EPS estimates significantly. Its Sales in the Recorded Music business also fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Warner Music Group? Access our full analysis report here, it's free Warner Music Group's shares are not very volatile and have only had 4 moves greater than 5% over the last year. Moves this big are rare for Warner Music Group and indicate this news significantly impacted the market's perception of the business. Warner Music Group is down 12.8% since the beginning of the year, and at $31.25 per share, it is trading 16.1% below its 52-week high of $37.23 from January 2024. Investors who bought $1,000 worth of Warner Music Group's shares at the IPO in June 2020 would now be looking at an investment worth $1,038. Today's young investors likely haven'
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News
- Connyct, an exclusive social media app for college students, emerges amid potential TikTok ban [TechCrunch]TechCrunch
- Experian Accelerates Identity and Activation Capabilities With Acquisition of Audigent [Yahoo! Finance]Yahoo! Finance
- Warner Music Group Corp. (NASDAQ: WMG) had its "buy" rating re-affirmed by analysts at Guggenheim. They now have a $44.00 price target on the stock.MarketBeat
- Warner Music Group Corp. (NASDAQ: WMG) had its price target raised by analysts at Citigroup Inc. from $31.00 to $34.00. They now have a "neutral" rating on the stock.MarketBeat
- A Look Back at Media Stocks' Q3 Earnings: Warner Music Group (NASDAQ:WMG) Vs The Rest Of The Pack [Yahoo! Finance]Yahoo! Finance
WMG
Earnings
- 11/21/24 - Miss
WMG
Sec Filings
- 12/11/24 - Form 144
- 12/10/24 - Form 144
- 12/9/24 - Form 144
- WMG's page on the SEC website