A Record Breaking Stock: DIS Climbs Over $180
I really enjoy reading TheDisInsider.com. The Hollywood Reporter ain’t too shabby either. But on days when DIS climbs the stock market charts, it’s a true pleasure.
Record High As DIS Climbs
Firstly, in the wake of a record breaking day for The Walt Disney Company, as shown by a high of $183.40 and a close of $181.17, Sean Nyberg gave a terrific breakdown of the DIS achievement.
Disney+. Image: Walt Disney Company
While the company is feeling the pain from the pandemic in their time tested income generators: theme parks, cruise line, and box office, their streaming services, Disney+, Hulu, ESPN+, Star, and HotStar, are surging at a rate that no one could have predicted… The theory is that if Disney’s streaming services can amass subscribers at rates 4-5 times faster than even the most bullish estimates with only their classic library and The Mandalorian, then the rush of new, high-quality, and high-interest content will only push those rates even higher.
Secondly, Disney outperformed competitors in what was a tough day for most media stocks.
While the Dow Jones was up for the day, Disney [remained] one of the only stocks tied to a streaming service that saw any positive gains. Comcast, which owns Peacock streaming service along with Universal theme parks, was down for the day, along with AT&T, which owns HBO Max, and Netflix. All three posted losses for the day while Disney broke all-time records.
Success In Streaming
Meanwhile, according to THR.com, traders continue to be bullish on “The Mouse.”
Georg Szalai and Etan Vlessing posted:
Image Credit: Disney
[T]hanks to the early success of its Disney+ streaming service, which hit 86.8 million [subscribers] as of early December, the Walt Disney Co. was the biggest gainer and Wall Street darling among Hollywood powerhouses.
Among big Hollywood players, the Walt Disney Co. weathered the coronavirus storm despite its theme parks business being hit hard, with observers crediting the success of Disney+ over its first 13 months. As of Thursday’s market close, before the final trading day of 2020, Disney shares were up 24.3 percent…
The Walt Disney Company
That means a lot to me and my 11.6 shares. And it probably a whole lot more to those who have more than a dozen pieces of DIS.
Finally, we’ll be talking (and taking) stock in the new year. Stay tuned.
