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RBC Sells Off Almost 1 Million Shares of Struggling Warner Bros. Discovery

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada (RBC) has reduced its stake in Warner Bros. Discovery, Inc. (WBD), selling off 1,044,352 shares during the first quarter.

This represents a 21% decrease in RBC's ownership of WBD.

As of its most recent SEC filing, RBC owned approximately 0.16% of Warner Bros. Discovery, worth $107,702,000.

Warner Bros. Discovery has been struggling with declining revenue and earnings, reporting a loss of $1.17 per share in its latest quarter.

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