So while we are still watching the bidding process for control of entertainment giant Warner Bros. Discovery (WBD), one separate development may have proved a welcome sign for Warner to succeed. That unexpected sign was the record-setting sale of a Superman comic book. Yet that did not stop Warner stock from sinking around 1.5% in the closing minutes of Monday’s trading.
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The comic in question was Superman #1, a comic from 1939, which not only set a record by selling for $9.12 million, but also destroyed the old record held by Superman’s first appearance in Action Comics #1. That comic sold for $6 million, and demonstrated beyond all doubt that the Man of Steel is still a big draw. Sufficiently so, in fact, to pull in seven-figure bids for his early adventures in a time when people are paring back their Christmas shopping.
Though the nature of the Superman #1 issue was certainly helpful. Three brothers were going through their recently deceased mother’s attic, when they found the comic in question. And as it turned out, it was in sufficiently good shape to rate a 9.0 rating from the Certified Guaranty Company, which handles comic book quality ratings. And it also helps demonstrate that the upcoming flood of DC titles in the near future will likely find an audience waiting.
Sports Shuffling
However, for those happy about the All Elite Wrestling (AEW) run on Warner so far, there will be some tougher news, as Warner plans to adjust the AEW schedule for December. Several Dynamite and Collision matches will not be taking place when they ordinarily would have.
For instance, the December 13 installment of AEW Collision will hit TNT at 4:30 in the afternoon Eastern time. This actually may be a good thing, as it means that John Cena’s final match at the WWE Saturday Night Main Event will run quietly unopposed. Meanwhile, the pre-Christmas installment of Collision will go on immediately after Dynamite on TBS December 17 at 10 p.m. Eastern. And the installment of A Countdown to World’s End 2025 will run immediately after at 11. For those wondering how that works, current reports suggest some kind of “split show.”
Is WBD Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on WBD stock based on eight Buys and 10 Holds assigned in the past three months, as indicated by the graphic below. After a 122.79% rally in its share price over the past year, the average WBD price target of $22.08 per share implies 3.48% downside risk.
