The Disney stock (DIS) is roaring back after reporting record earnings. It was up 3.35% by the close of the trading day yesterday.
The current developments seem to have marked an end to its long bear market that saw it drop by more than 15% in the second half of 2021.
To help stock traders eying the Walt Disney stock, Invezz has created a brief article on the best places to buy it and what Peloton is.
To find out more, please continue reading.
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What is Walt Disney stock?
Walt Disney stock is the stock of The Walt Disney Company and it trades on New York Stock Exchange under the ticker NYSE: DIS.
In a nutshell, The Walt Disney Company, which is commonly referred to as just Disney, is an American media and entertainment multinational company headquartered in California. It was founded by two brothers (Walt and Roy O. Disney) back in 1923 under the name ‘Disney Brothers Cartoon Studio.’
Before settling on its current official name, The Walt Disney Company was previously known as ‘Walt Disney Productions.’
The Walt Disney Company is mainly known for its film studio division that goes by the name The Walt Disney Studios and includes Walt Disney Pictures, Marvel Studios, Walt Disney Animation Studios, 20th Century Studios, 20th Century Animation, Searchlight Pictures, Lucasfilm, and Pixar.
However, it operates other businesses including television, media streaming, broadcasting, theme park resorts, publishing, and consumer products. It owns and operates the ABC broadcast network and cable television networks that include the famous National Geographic.
Should I buy the DIS stock today?
If you are looking to invest in a stock that has generally been on a bullish trend since it was launched, then the DIS stock could be a good choice.
Nevertheless, it is important to keep in mind that the stock is coming from a recent price drop that started in mid-July 2021 and analysts are still not very sure if the dip hit its bottom.
Disney stock price prediction
In General, Disney stock has been one of the best-performing stocks over the year despite some price pullbacks once in a while.
Analysts expect the stock to correct the recent price drop by end of the first quarter of 2022 as it resumes its bullish outlook.
$DIS stock social media coverage
The post Where to buy Walt Disney stock (DIS): it is soaring after reporting record earnings appeared first on Invezz.
