WMG Stock Trades Over $8 As Sale Rumors Intensify
With rumors swirling that sale to a $3 billion sale to Russian billionaire is just hours away, shares of Warner Music Group Corp (WMG) traded as high as $8.02 during mid-day on Thursday before settling back to $7.83. The stock closed in Wednesday at $7.42.
Analysts at Citigroup had downgraded shares of WMG from buy to a hold rating investors on April 25th; and Zacks Investment Research reiterated a “neutral” rating on March 31st. But investors looking for a jump at buyout appear to be ignoring long term projections for the stock. See up to the minute WMG stock prices here.