Singapore Markets closed
  • Straits Times Index

    3,240.58
    +49.87 (+1.56%)
     
  • Nikkei

    26,739.03
    +336.19 (+1.27%)
     
  • Hang Seng

    20,717.24
    +596.56 (+2.96%)
     
  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     
  • BTC-USD

    29,438.38
    +258.01 (+0.88%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • S&P 500

    3,901.36
    +0.57 (+0.01%)
     
  • Dow

    31,261.90
    +8.77 (+0.03%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • Gold

    1,845.10
    +3.90 (+0.21%)
     
  • Crude Oil

    110.35
    +0.46 (+0.42%)
     
  • 10-Yr Bond

    2.7870
    -0.0680 (-2.38%)
     
  • FTSE Bursa Malaysia

    1,549.12
    -0.29 (-0.02%)
     
  • Jakarta Composite Index

    6,918.14
    +94.81 (+1.39%)
     
  • PSE Index

    6,746.33
    +86.28 (+1.30%)
     

Why Discovery Stock Tumbled 12% This Week

·2-min read
Why Discovery Stock Tumbled 12% This Week
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Discovery (NASDAQ: DISCA)(NASDAQ: DISCK) are down some 12% compared to where they closed trading last Friday, according to data from S&P Global Market Intelligence, reversing a rally that began in December as investors start transitioning away from early pandemic winners. As Netflix's (NASDAQ: NFLX) just-reported fourth-quarter earnings report shows (and Walt Disney's before it), it's becoming more difficult to attract subscribers to streaming services now that the lockdown phase of the pandemic is well in the rearview mirror and out-of-home activities are fully available again. The streaming service leader reported 8.3 million net new subscribers in the fourth quarter, lower than the 8.5 million subscribers it had guided toward, marking Netflix's slowest annual growth in six years.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting