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’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.
Finance and Entertainment Reporter
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