Insider sell cluster is too small relative to market cap to warrant a directional trade. Monitor for any large (>0.5% of market cap) insider sales that could signal concern, but this cluster appears routine.
Price Chart
Executive Summary
Two WBD insiders, including the President & CEO of Global Streaming, sold a combined $9.34M in open-market sales over the past week. The total amounts to ~0.013% of market cap — trivial relative to the $71.2B company size, suggesting routine diversification/liquidity rather than a bearish signal. The cluster is a sell, but the dollar amounts are immaterial.
Key Financial Metrics
Key Facts
- Total cluster value of $9.34M represents ~0.013% of WBD's $71.2B market cap
- Two insiders sold: Kenneth Lowe (Director) $5.67M and Jean-Briac Perrette (CEO, Global Streaming) $3.67M
- Lowe's sale on 2026-09-03 at $28.35; Perrette's sale on 2026-08-27 at $28.96
- Both transactions code S (open-market sale); no matching insider buys in the window
Financial Impact
$9.34M total insider sales, ~0.013% of $71.2B market cap
Risk Factors
- Insider selling could accelerate if more C-suite executives file sales
- No insider buying to offset sell signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WBD-1788562009955 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | Insider Cluster | $28.07 $30.76 | ▲ +9.58% | ▲ +7.02% | $30.94 (+10.24%) |
Sep 14, 2026 18d ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | $30.94 (+10.12%) |
Sep 12, 2026 20d ago | Insider Cluster | $28.10 $30.80 | ▲ +9.61% | ▲ +9.50% | $30.94 (+10.12%) |
Sep 11, 2026 20d ago | 144 | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | $30.94 (+10.36%) |
Sep 10, 2026 21d ago | Insider Cluster | $28.04 $27.80 | ▼ −0.86% | ▼ −0.63% | $30.94 (+10.36%) |
Sep 4, 2026 27d ago | Insider Cluster | $28.12 $28.03 | ▼ −0.32% | ▲ +0.80% | $30.94 (+10.05%) |
Sep 3, 2026 28d ago | 144 | $28.25 $28.10 | ▼ −0.53% | ▲ +0.68% | $30.94 (+9.54%) |
Sep 3, 2026 29d ago | 144 | $28.37 $28.04 | ▼ −1.16% | ▼ −0.01% | $30.94 (+9.08%) |
Aug 15, 2026 6w ago | Insider Cluster | $27.93 $28.70 | ▲ +2.76% | ▲ +3.95% | $30.94 (+10.79%) |
Aug 14, 2026 7w ago | Insider Cluster | $27.99 $28.55 | ▼ −2.00% | ▼ −3.37% | $30.94 (−10.56%) |
US Market Status
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