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Disney Stock Rides Bullish Wall Street Wave After Upbeat Q3 Earnings

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deadline.com

Disney stock entered the home stretch of the trading day up nearly 2% amid widespread cheers on Wall Street for its fiscal third-quarter earnings report.The company delivered encouraging numbers across the board on Thursday, showing continued gains in streaming and the long-anticipated resuscitation of its theme parks business.

While results didn’t restore the company to its well-oiled pre-pandemic state, they persuaded many analysts and observers that the company’s recovery is well under way.

With trading volume at three times normal levels, Disney shares were at $182.14, their highest point in nearly a month. Broader indices were largely flat.Benjamin Swinburne of Morgan Stanley gave the ebullient title “Back on Space Mountain” to a note

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