Disney Stock Jumps Due to Investor Optimism
Published on 4/18/16 by Craig Smith
The Dow Jones soared past 18,000 today and leading the way was none other than Disney. Disney gained more than 2% after its stock was upgraded from “hold” to “buy.”
TheStreet.com reports that this change in investor confidence was due to a number of positive developments including the upcoming opening of Shanghai Disney Resort and the successful release of “The Jungle Book.” No doubt the crazy success of the resurgent Star Wars franchise is playing a role in the stock increase as well.
- News Topic: Disney Company News
