Updated with closing price. Disney shares fell almost 3% to close at $173.73, their lowest closing price since February 1, a day after it released mixed quarterly earnings.
Shares made up ground in the final part of the trading day after starting the session down as much as 5%. But Wall Street did not take a shine to the numbers for the quarter ending in April, which showed strong profit but a double-digit slide in revenue and streaming growth below expectations.
Trading volume was three times the stock’s normal level. Broader stock markets showed solid gains, with the Dow back in sight of record territory, as relaxed Covid-19 restrictions and improved employment data fueled bullish sentiment.
Previously:
On an overall upbeat day on Wall Street, Disney stock dropped 3% in the early going as investors processed the company’s checkered quarterly earnings report.
Shares hovered around $172 and over the initial hour of the session...
Shares made up ground in the final part of the trading day after starting the session down as much as 5%. But Wall Street did not take a shine to the numbers for the quarter ending in April, which showed strong profit but a double-digit slide in revenue and streaming growth below expectations.
Trading volume was three times the stock’s normal level. Broader stock markets showed solid gains, with the Dow back in sight of record territory, as relaxed Covid-19 restrictions and improved employment data fueled bullish sentiment.
Previously:
On an overall upbeat day on Wall Street, Disney stock dropped 3% in the early going as investors processed the company’s checkered quarterly earnings report.
Shares hovered around $172 and over the initial hour of the session...
- 5/14/2021
- by Dade Hayes
- Deadline Film + TV
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