Despite the Disney Parks, Experiences and Products segment recording a loss of $1.1 billion in Q4 2020, during today’s Investor Day 2020, shares of The Walt Disney Company reached their highest-ever closing price at $154.43 a share.
Disney’s closing stock price as of December 9, 2020 was $154.43, increasing to $161 in after-hours trading. For context, the average Disney stock price for the last 52 weeks is $124.52.
The uptick in share price can be attributed to promising announcements made during today’s Investor Day 2020 presentation. Disney has shifted their entire business model to prioritize direct-to-consumer content, and their investment in Disney+ is proving to pay off, with the streaming service now surpassing 86.8 million subscribers as of December 2.
Stay tuned for more news as additional Investor Day 2020 announcements are made.
Credit: cfd trader é confiável
