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Stock impact report

Why Warner Music Group (WMG) Stock Is Up Today [Yahoo! Finance]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: Yahoo! Finance
billionaire investor Bill Ackman and his firm, Pershing Square, launched a massive $64.4 billion takeover bid for Universal Music Group (UMG). Because Warner Music Group is a close global competitor to Universal, investors likely bought WMG shares in anticipation that its own library of artists and streaming royalties are worth significantly more than previously thought. After the initial pop the shares cooled down to $26.79, up 3% from previous close. Is now the time to buy Warner Music Group? Access our full analysis report here, it's free What Is The Market Telling Us Warner Music Group's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 20 days ago when the stock dropped 5.8% on the news that a combination of Show less Read more
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