🟢 PSKY is trading 4.2% up today on Warner Bros. Discovery acquisition optimism

PSKY is trading at $14.07 (+4.2%) in pre-market, bucking a broader market selloff triggered by Middle East tensions.

• Shares are climbing on optimism surrounding a $31/share cash bid to acquire Warner Bros. Discovery, a move that gained momentum after Netflix reportedly stepped aside from the deal.
• The stock is defying weak Q1 guidance and a Q4 earnings miss (revenue of $8.15B and EPS loss of $0.52), supported by a 10% growth in the Direct-to-Consumer segment.
• PSKY's performance significantly decouples from broader market weakness, with S&P 500 futures currently down 1.4%.