Walt Disney (DIS) Stock Jumps By 6% In 10 Days: Is It Worth Buying?

At the end of March, Disney (DIS) stock soared from $168.25 to $179.49. Then its highest point was on June 1 when its price skyrocketed up to $179.52. After that, it was plunging for two days when the price dropped to $175.79. By June 7 the stock reached $177.49, then it remained almost stable for one week. The highest value was on June 14 when it traded at $178.17, but today it plummeted to $174.96.

Disney заключила кредитное соглашение на 5 миллиардов долларовDisney’s total sales in 2020 are down 6% from a year ago, underpinned by strong pre-pandemic performance. Now, in 2021, the company is still suffering from the recession caused by the pandemic. But in the second quarter of 2021, ending April 3, that figure dropped to 13%. The first quarter, with a 22% decline, was 14% higher than in 2019. impressive given the circumstances.

Disney’s entertainment offerings are head and shoulders above any competition. For example, in fiscal 2020, 12 theme parks generated revenue of $16 billion, down 61% from the same period last year. But that was much higher than NBCUniversal o five theme parks, which spent $ 1.8 billion in 2020, or the operator SeaWorld Entertainment theme parks 12 theme parks with less than half a billion dollars spent in 2020.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.