Why Discovery Inc. Shares Have Plunged More Than 35% So Far in 2020
TV media company Discovery Inc. (NASDAQ: DISCA)(NASDAQ: DISCB)(NASDAQ: DISCK) has three share classes, and the prices of two of them fell by more than 35% in the first half of 2020, according to data provided by S&P Global Market Intelligence.
The company's "A" shares, which provide their owners with one shareholder vote per share, fell by 36.8% in the six-month period that ended June 30, while the "C" shares, which have no voting rights, dropped by 35.6%. (The price of the preferential "B" class shares, whose owners get 10 shareholder votes per share, actually rose by 4.8%).
Image source: Getty Images.
Source Fool.com
