Disney Stock Up By 50% Over Last Six Months
The recent slide doesn’t give a complete look at DIS stock…
I know. I know. You’re looking at the ticker and you see a lot of red.
Image: Google.com.
But the one-day loss and relatively rough few days for Disney stock don’t tell the whole story.
Everyone’s Talking
And in fact, one of our favorites from Fool.com, Parkev Tatevosian, did tell a much more complete story in his recent piece entitled, “Why Is Everyone Talking About Disney Stock?”
One of the reasons folks are so high on Disney is the pent-up demand for Disney Parks as exhibited by the recent announcement of the imminent opening of Disneyland.
Tatevosian wrote:
Southern California has had some of the toughest coronavirus restrictions in all of the U.S. Folks are ready to go out, and they trust Disney to provide a safe environment. Indeed, when Disney announced “A Touch of Magic” experience, a limited dining and shopping event at Disney’s California Adventure park, with tickets on sale for $75 per person, it sold out within hours. That pent-up demand makes it likely parks will be filled to whatever capacity they are allowed to once they are open, and it will allow Disney to start increasing prices.
Welp, that doesn’t sound perfect for theme park fans, but it is certainly good news to the denizens of Disney stock, who saw the listing drop to $79.07 back in March 2020.
Disney Plus Plus
Meanwhile, that’s not the only price increase coming down the pike for Disney fans.
Gamesradar.com posted about the increase in the cost of a Disney+ sub.
(AP Photo/Richard Drew, File)
Want the short version? Sign up before March 26 in the US to take advantage of the current, lower cost. More specifically, getting an annual membership now for $69.99 saves you $10 right away (the yearly cost is rising to $80 soon) and a further $14 in the long run due to the fact that you’re receiving two months for free.
To wit, Tatevosian added:
Combined with the 51.1 million paying members of Hulu and ESPN+, the company now has a total of 151.1 million subs. And it’s not done expanding, with plans to offer streaming services in additional countries throughout 2021.
Again, this isn’t a jump up and down moment for fans, but it certainly doesn’t make investors cry.
Unfortunately, my 11.5 shares are staying pat and I am not jumping at anything.
But tell us in the comments: If you were liquid, would you buy or sell Disney?
