Disney’s Best Month in 32 Years

I had been expecting a modest pop from shares of Disney (DIS) this morning thanks to the release of the Avengers movie which, I take it, has been somewhat popular this weekend.

The movie smashed all box office records. For the weekend, the Avengers brought in $350 million domestically and $1.2 billion worldwide. That’s about one-quarter of what Disney paid for Marvel ten years ago. Disney now has nine of the ten largest opening weekends in movie history.

The shares did gap up to a high of $142.37 shortly after the open. Later in the day, however, DIS retreated and closed just below $140 per share. The stock is headed for its best month in 32 years.

Earnings are due out on May 8.

Posted by on April 29th, 2019 at 7:41 pm


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