Skydance Rebounds 4% as Warrant-Adjustment Selloff Fades
Key Takeaway: SKYD climbs about 4% to $7.06 on Tuesday as the mechanical October 14 warrant-adjustment selloff fades; 471M warrants now trade separately under SKYD.WS.
Skydance (NYSE: SKYD) shares are rebounding on Tuesday, October 20, 2026, up about 4% to around $7.06 in regular trading, per live [Finnhub](https://finnhub.io/?q=%22SKYD%22) market data, as the mechanical selloff from last week’s warrant distribution fades.
The rebound
Skydance shares are climbing back after a bruising week. The stock is up about 4% on Tuesday at around $7.06, recovering from the October 14 ex-dividend plunge that sent it to a 52-week low of $6.63. The previous close was $6.80, and the stock’s 52-week high stands at $17.43, with a market capitalisation of roughly $10.97 billion.
The October 14 drop was mechanical, not fundamental. Skydance distributed about 471 million warrants to certain Class B shareholders on October 13, and the share price adjusted downward as the warrants’ value separated from the stock on the ex-dividend date. Volume hit 92.5 million shares that day as the market repriced the equity.
The warrant mechanics
Skydance Corporation, formerly Paramount Skydance Corporation, distributed one warrant to purchase one share of Class B common stock for each Class B share held by public stockholders as of the October 5 record date, according to a [company statement](https://www.prnewswire.com/news-releases/skydance-provides-details-on-separate-trading-of-skyd-class-b-shares-and-warrants-302909067.html) carried by PRNewswire. The warrants began trading on the New York Stock Exchange on October 13 under the symbol SKYD.WS.
The warrants carry a $12 exercise price and a 10-year maturity. The NYSE disclosed a planned $0.19368 adjustment to the Class B common stock, from about $9.27 to about $9.07, based on the warrants’ official closing price of $2.20. Only about 9% of Class B holders qualified: the Ellison family, RedBird Capital and investors in the company’s recent equity raise, who together hold about 90% of the roughly 5 billion shares outstanding, did not receive warrants, [Barron’s](https://www.barrons.com/articles/skydance-stock-price-warrants-351ac2f6) reported.
The distribution is tied to Skydance’s closed acquisition of Warner Bros. Discovery, which completed on October 6, 2026. The company also moved its listing from Nasdaq to the NYSE effective the same week. The warrants are not dilutive at issuance; dilution would only occur if and when holders exercise them.
Key Story Metrics
| Figure | Reported Status |
|---|---|
| Share price | $7.06 (+3.82%) (Finnhub, October 20, 2026) |
| Previous close | $6.80 (Finnhub, October 20, 2026) |
| 52-week low | $6.63 (Finnhub, October 14, 2026) |
| 52-week high | $17.43 (Finnhub) |
| Oct 14 drop | -23.8% (ex-dividend) (Finnhub, October 14, 2026) |
| Warrants distributed | ~471M (PRNewswire, October 13, 2026) |
| Warrant exercise price | $12 (10-yr) (PRNewswire) |
| Market cap | ~$10.97B (Finnhub, October 20, 2026) |
✓ Verified
• SKYD up about 4% to ~$7.06 on October 20, 2026 (previous close $6.80), per Finnhub.
• 52-week low $6.63 set on October 14, the ex-dividend date; 52-week high $17.43.
• About 471 million warrants distributed October 13 to Class B holders of record October 5.
• Warrants trade on NYSE under SKYD.WS; exercise price $12, 10-year maturity.
• NYSE disclosed a $0.19368 adjustment (about $9.27 to about $9.07) based on the $2.20 warrant close.
• Only about 9% of Class B holders received warrants; the Ellison family, RedBird and equity-raise investors did not.
• Warner Bros. Discovery acquisition closed October 6, 2026; listing moved from Nasdaq to NYSE.
⚠ Still needs confirmation
• The live share price moves during the session; the $7.06 quote is the latest available at publication.
Frequently Asked Questions
Why did Skydance stock plunge on October 14?
It was the ex-dividend date for a distribution of about 471 million warrants; the share price mechanically adjusted down by the warrants’ value.
What are the warrants worth?
Exercise price $12 per share with a 10-year maturity; they closed at $2.20 on October 13 and trade under the symbol SKYD.WS.
Who got the warrants?
Public holders of about 9% of Class B shares; the Ellison family, RedBird and recent equity-raise investors did not receive them.
What is the 52-week low?
$6.63, set intraday on October 14, 2026.
Editor’s note: Share-price figures are live market data from Finnhub and move during the session; the $7.06 quote is the latest available at publication.
