Stock Movers Warner Bros. Discovery Slips, Sable Offshore Falls, Target Jumps
Dec 26, 2025
Natalia Konevichevich, a Bloomberg Equities reporter, shares insights on the market's latest twists and turns. She discusses Warner Bros. Discovery's troubled bid with Paramount Skydance, hinting at potential litigation. Sable Offshore faces a legal hurdle as environmental groups try to block a pipeline restart, causing a significant drop in their shares. Meanwhile, Target sees a boost from an activist investor's stake, despite its challenging year marked by declining sales and market share. Tune in for an engaging dialogue on these stock movements!
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WBD Deal Drama Could Change Quickly
- Warner Bros. Discovery shares fell after reports Paramount Skydance may abandon its $30 cash bid and sue the board.
- The situation could shift quickly with more developments expected by late January or next week.
Legal Challenge Halts Pipeline Restart
- Sable Offshore stock tumbled after environmental groups sought an emergency motion to block a pipeline restart.
- Regulators had just issued a special permit, so the legal challenge creates near-term operational uncertainty.
Activist Stake Sends Target Up Briefly
- Target shares rose after the Financial Times reported an activist stake from Toms Capital Investment Management.
- Despite the bounce, Target is down roughly 25–30% on the year amid lost market share and slumping sales.