5 Stocks Losing Ground on Monday

2. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Hedge Fund Holders: 68

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) dropped about five percent this morning. The decline apparently came after the company postponed the roll out of HBO Max in India.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) reportedly delayed the launch as a part of its broader strategy to save costs. Moreover, few news agencies reported that the company is planning to merge HBO Max and Discovery+ and introduce the combined streaming service in existing and new markets.

Meanwhile, Warner Bros. Discovery, Inc. (NASDAQ:WBD) premiered much-awaited “House of the Dragon” on HBO Max yesterday. However, many users experienced outages while trying to watch the prequel to the blockbuster show Game of Thrones.