What would it take for WBd to go back up to 11?

For Warner Bros. Discovery (WBD) stock to regain its price of $11, several factors would need to align positively:

1. **Positive Earnings Report**: WBD needs to report strong earnings, indicating improved financial health and investor confidence.
2. **Stake Sale Impact Mitigation**: The recent $1 billion stake sale by Advance/Newhouse may have created uncertainty. WBD would need to reassure investors about its long-term strategy and growth prospects.
3. **Strategic Separation Success**: The market's reaction to WBD's planned separation into two separate companies in 2026 could influence its stock price. If the market perceives the separation as a positive move that will enhance operational efficiency and valuation, it may support a higher stock price.
4. **Interest from Activist Investors**: If activist investors take an interest in WBD, they could push for changes that improve the company's performance, potentially driving up the stock price.
5. **Macroeconomic Conditions**: Broader market conditions, including interest rate decisions by the Federal Reserve and geopolitical developments, can impact investor sentiment and stock prices. If these conditions become more favorable, they could contribute to an increase in WBD's stock price.

For WBD to reach $11, a combination of these factors would need to work in its favor. Investors should monitor these areas closely for signs of improvement that could support a higher stock price.