Disney stock price today is 177.18 USD with a volume of 6,046,089. At the same time, its chart fluctuates between 175.61 USD – 177.52 USD. Disney stock price was a maximum of 203.02 USD and a minimum of 108.02 USD within 52 weeks. Its average volume is 9,812,884 and it is ranked 321.924B in the MarketCap listings. The target point of Disney stock price at the end of 1 year is 207.32 USD.
Disney Brothers Cartoon Studio which is a $261 billion market cap giant, was started in 1923 by Walt and his brother Roy O. Disney. Disney’s first sound film “Steamboat Willie” in 1928, and “Snow White and the Seven Dwarfs”, the first animated feature film in 1937, attracted great attention when they were released.
In 1955, Walt’s theme park was established in Disneyland Anaheim, and a second location in Orlando, Florida was announced in 1965. It also opened parks in Paris and Tokyo. The following year Walt passed away, and Roy was in charge, and Walt Disney World opened in 1971, two months before Roy’s death. Despite the huge losses, the company continued to grow.
In September, Disney stock with the theme park and media gained nearly $70 billion.
The Walt Disney Company
The animation studio which was founded on October 16, 1923 by brothers Walt and Roy Disney, is the world’s largest media company in the entertainment industry. Although the characters created in the last 5 years since the opening of the company did not attract much attention, the Mickey Mouse character produced by Walt Disney in 1928 had a great impact.
Every character created after that time was appreciated. The company has started to animate fairy tale heroes with its giant million-dollar investment projects. The continuing series with Snow White and the Seven Dwarfs, Pinocchio, Treasure Island and Davy Crockett made the Walt Disney Company a growing industry.
Fundamentals of Disney Stock
In the IBD Rating, the media giant ranks 13th in the Media-Diversified group of 26 stocks according to this rating. Disney stock, which emerged from a flat bottom and hit record highs in November 2019, fell more than 40%, impacted by the market falling due to the coronavirus. Additionally, Diney stock bottomed before returning to new highs on March 18, 2020.
On February 8, the Dow Jones Industrial Average hit a new high, with a 4.9% jump thanks to Disney. Stocks managed to hit the 183.50 buying point of a flat five-week base at a 38% higher-than-anticipated volume, according to MarketSmith chart analysis.
Diney stock has risen approximately 11% since inception. However, since then, it has fallen below the buy point. The stock was building a flat bottom with 203.12 entries, although it had receded to that point meanwhile. Disney is working on a consolidation. Disney stock price is about 13% away from the targeted 203.12 point of purchase.
Disney stock is not suitable for a buy right now, as it reflects the effects of Corona negatively on many markets, but it can still be considered a stock to follow.
Comparing Disney stock performance to the S&P 500, the relative strength line seems to be dropping again after a recent breakout, and a move to new highs at or before a potential breakout could be a bullish signal.
Also, the fact that Disney stock has an EPS Rating of 33 and a Composite Rating of 34 is well below the desired 80 minimum of the leading growth stocks, further supporting that the stock is not a buying opportunity at this time.
It is important to monitor the movements of the market regularly every day, but to live up to 1-2 days is not enough for stock tracking. It is much more important and efficient to see the big picture and make a decision as a result of a general analysis. So it starts with seeing the big picture.