Toward the end of trading Friday, the Dow traded up 0.32% to 36,351.67 while the NASDAQ fell 0.68% to 14,978.67. The S&P also fell, dropping, 0.17% to 4,688.12.
Someone with a lot of money to spend has taken a bearish stance on Discovery (NASDAQ:DISCA).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
The merger of Discovery Communications Inc (NASDAQ: DISCA) with AT&T Inc (NYSE: T)'s WarnerMedia will create a “global media powerhouse driven by creative and content leadership,” according to BofA
Gainers
Marin Software Incorporated (NASDAQ: MRIN) shares climbed 35.9% to $4.6899 after the company announced an integration with Amazon Ads' demand-side platform.
Midway through trading Friday, the Dow traded down 0.17% to 36,175.08 while the NASDAQ fell 1.02% to 14,927.31. The S&P also fell, dropping, 0.45% to 4,674.76.
AT&T Inc (NYSE: T) CEO John Stankey remains optimistic about the regulatory review process for the mega-merger between its entertainment arm WarnerMedia and Discovery Inc (NASDAQ: DISCA),