Shares rose 10.85% on 2.09x average volume after reports that John Malone said SpaceX could invest $8 billion to $10 billion in Skydance.
read the report →SKYD
Skydance Corporation
Skydance Corporation (SKYD) is a media company in the Communication Services sector, with segments in Studios, Direct-to-Consumer and TV Media. It owns CBS, Paramount+ and cable networks, and completed its acquisition of Warner Bros. Discovery on October 6.
Price history
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newest firstSkydance fell 23.84% on Oct 14 to $7.06 on 92.5M volume after disclosing about 471M warrants tied to the Warner Bros. Discovery deal.
read the report →Ex-dividend date for 470,746,773 warrants tied to the Warner Bros. Discovery deal cut the stock 23.84% on 14 October.
read the report →Warrants began trading separately on 14 October and SKYD fell 23.84% to $7.06 on heavy volume.
read the report →On Oct 14 the stock fell 23.84% to $7.06 on 92,470,100 shares after a warrant distribution and ex-dividend date reset the share price.
read the report →Shares fell 23.84% to $7.06 on Oct 14 as 470.7M warrants distributed to Class B holders began trading separately.
read the report →The stock fell due to post-merger credit downgrades, higher debt service costs, and overhang from an upcoming warrant distribution.
read the report →Skydance priced a $41.4B debt package with high yields to fund its Warner Bros. Discovery acquisition, sparking credit downgrade warnings.
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