Bob Chapek tv video film broadway Bob Chapek

Disney Stock Jumps On Streaming News, Wall Street Upgrades

Reading now: 310
deadline.com

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.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA