Why Warner Bros. Discovery Stock Was Climbing Today

Shares of Warner Bros. Discovery (NASDAQ: WBD) were moving higher today in sympathy with a strong earnings report from Disney (NYSE: DIS) and a slew of insider buying in the stock, raising confidence in the recently formed company. 

As of 10:57 a.m. ET, the stock was up 6%.

Disney shares are were flying higher today after the company turned in better-than-expected results in its fiscal third-quarter earnings report with strong growth in its streaming business. Disney+ added 14.4 million subscribers in the quarter, including 8.3 million from Disney+ Hotstar, its low-priced service focused on India.

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Source Fool.com