Disney Stock Soars After Promising News From COVID-19 Vaccine Trials
Is this the light at the end of the tunnel we have all been waiting for? It might be too early to know for sure but we received some promising news this morning from the Pfizer COVID-19 vaccine trails. This news has caused stocks to soar including Disney stock.
This morning, Pfizer announced that their COVID-19 vaccine is proven to be over 90% effective in preventing trial participants from contacting the virus. This is huge news considering that scientists were hoping for the vaccine to be at a minimum 60 to 70% effective.
So, what does this mean for Disney and Disney stocks? A lot! With the hope of a promising COVID-109 vaccine, many people will be more inclined to begin traveling once again. In addition, this might help expedite the opening of Disneyland which still remains closed after the Parks shut down back in March. Disneyland Paris has also had to re-close since reopening and many are hopeful it might open sooner with a vaccine.
Not only are theme parks impacted by the hope of an effective COVID-19 vaccine. Stocks for movie theater chains including AMC Entertainment and Cinemark have also drastically increased in early morning trading.
As a whole, Variety is reporting that the Dow Jones Industrial Average was up 1,609 points or 5.7% which made it grow above pre-COVID levels and new record new highs. The S&P was up 3.8% and the Nasdaq was up 1.25%. Disney stock was up a whopping 14% when the positive COVID-19 vaccine trial news was first announced early this morning.
While this news is extra-promising in the world’s fight against COVID-19, it’s still going to be some time before a vaccine is widely available. However, select individuals may begin to start receiving the vaccine by the end of the year. It should be more widely available as we get into 2021.
Let’s start planning your visit to a Disney destination! There are some SPECTACULAR discounts available for the remainder of 2020 at Walt Disney World and into 2021. Fill out the form below or send an email to Holly@MickeyTravels.com for a FREE, no-obligation quote to book your Disney vacation. EVERY vacation package* booked exclusively with me by a teacher or someone on the front lines battling the virus, will receive a Disney Gift Card when you book your Disney vacation package* with me by December 31, 2020. As an agent with MickeyTravels (a Platinum Earmarked Agency), I will be on hand to help you with everything from finding your perfect package and I offer rate monitoring to ensure you are receiving the best rate available by Disney. I work with all Disney Destinations and destinations outside of Disney. Best of all, my services are absolutely FREE. Get in touch via email at Holly@MickeyTravels.com or calling 954.401.9577. Also, make sure to CLICK HERE to follow along with my Facebook page for all things Disney and giveaways!
*Vacation package must be a minimum of 3 nights with 3-day tickets
Image/Source Credit: Disney