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Disney Stock Bucks Market, Setting Another New High After Investor Day Bonanza

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Disney shares are once again in record territory, bucking an overall selloff in the markets to rise 14% to north of $176. Trading volume is more than three times its normal level.The investor euphoria follows the company’s four-plus-hour investor day, which featured plugs for 100 new film and TV titles coming to Disney+ as well as projections for 230 million to 260 million subscribers by 2024.

The stock had already been on a tear coming into Thursday evening’s extravaganza.Analysts expressed their admiration for Disney’s feat of producing a sequel to the company’s bravura investor day in April 2019, when it fully persuaded Wall Street and the media of its streaming ambition.“It turns out that the second act of the Disney Investor Show was

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