Dade Hayes Finance EditorDisney shares posted a dramatic gain Wednesday, climbing nearly 11% after two upgrades from Wall Street analysts and general kudos for its moves on the streaming front.By mid-day, shares were flirting with $130, their best showing since February.
Trading volume was at twice its usual level.While Disney’s financial performance in the fiscal third quarter was fairly bleak, with heavy theme-park losses and more erosion in pay-TV, streaming continues to be a beacon of hope.
The company said it has drawn 60.5 million subscribers to Disney+ and also set the launch of an international streaming effort based around Star.
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