David Zaslav Buys $1M in Warner Bros. Discovery Shares

Link to the source:

https://www.hollywoodreporter.com/business/business-news/david-zaslav-buys-1m-in-warner-bros-discovery-shares-1235136767/

Link to the filling:

https://www.sec.gov/Archives/edgar/data/0001437107/000143710722000142/xslF345X03/wf-form4_165108969016425.xml

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Summary:

Warner Bros. Discovery CEO David Zaslav is doubling down on his faith in the newly merged media conglomerate. According to filings with the Securities and Exchange Commission, Zaslav purchased about $1 million in the company’s stock Wednesday for $19.49 to $19.53 a share. The purchase comes a day after Zaslav touted Warner Bros. Discovery’s position as a leader in the streaming space, calling it “far more balanced” than rival Netflix. 

CFO Gunnar Wiedenfels also added to his holdings Wednesday, purchasing close to $500,000 in shares for $19.95 a piece.

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What do you guys think of WBD at these below $20 per share levels? Anyone with significant holdings?