PSKY is trading at $11.81 (+5.6%) after Netflix declined to match the company's superior bid for Warner Bros. Discovery, clearing the path for the acquisition.
- The stock's gain comes amid a broader market decline, with the S&P 500 down 0.93%.
- This positive M&A development overrides a Q4 earnings miss on February 25, where revenue hit $8.15B but EPS was -$0.52, missing analyst estimates.