Disney's Stock Surges on Impressive Earnings Report
Disney's stock (DIS, +7.07%) is experiencing a remarkable surge of 7.5% in Thursday trading, marking its best day in almost three years. This surge is on track to become its highest one-day percentage gain since December 11, 2020, when it rose by an impressive 13.6%, according to Dow Jones Market Data.
Amidst the stock market, Disney stands out as the best performer in the Dow Jones Industrial Average (DJIA, -0.54%) and the second best performer in the S&P 500 (SPX, -0.60%). With approximately two hours remaining in the session, this upward trend is displaying great resilience.
This noteworthy upturn follows Disney's positive earnings report that was unveiled the previous afternoon. Goldman Sachs analyst Brett Feldman shared his insights with clients, noting, "Our key takeaway from the report and call is the same as last quarter, which is that DIS is making progress against management’s lengthy to-do list." Feldman further highlighted DIS's notable success in implementing cost-saving initiatives.
Disney continues to make strides towards its strategic goals, attracting attention from both investors and industry analysts. As the company maintains its positive momentum, it positions itself as a prime contender within the market.
All Rights Reserved © 2024
Post a comment