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Why Warner Bros. Discovery Stock Lost 17% in May

TheMotleyFool

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Why Warner Bros. Discovery Stock Lost 17% in May: https://g.foolcdn.com/editorial/images/735754/movie-theater.jpg

Shares of Warner Bros. Discovery (NASDAQ: WBD) headed lower in May as a disappointing earnings report combined with generally negative sentiment toward streaming stocks in the second half of the month as well as pressure from the writers' strike.

According to data from S&P Global Market Intelligence, the stock sank by 17.1% in May. As the chart below shows, it moved fairly steadily lower over the course of the month.