It’s Time to Trim Down on Discovery Stock
This story originally appeared on MarketBeat
Television networks media giant Discovery Networks (NASDAQ: DISCA) stock has been pummeled by two events in 2021 leading to shares falling more than (-50%) off their highs. The one-two punch drastically reversed sentiment from euphoric on the climb from $20s to $78s inside of four months to bearish on the collapse to $30s in the following two months. The first shoe to drop would be the Archegos Capital Management margin calls that collapsed shares from…
