Warner Bros. Discovery (NASDAQ: WBD) shares rose 2.07% to $12.84, surpassing the market as investors react positively to the company’s linear division spin-off news. Trading volume nearly doubled to 110.5 million shares, indicating strong interest. S&P 500 and Nasdaq Composite neared all-time highs with modest gains. WBD is trading near its 52-week high, attracting investor attention with a bullish breakout pattern and increased volume. The company’s strategic initiatives are supported by institutional participation. The Motley Fool Stock Advisor team did not include Warner Bros. Discovery in their top 10 stock picks list.

Read more at Nasdaq: Stock Market Today: WBD Continues Uptrend Amid Ongoing Optimism Over June’s Streaming Split Decision