Disney Stock Cools Off But Has Now Fully Recovered To Pre-Covid-19 Levels

deadline.com:

Disney shares cooled off after a hot start to the week, dipping about 1.6% today to close the trading session at $149.08.Even with the slight retreat, though, the stock has fully recovered to pre-Covid-19 levels in a remarkable comeback that has a chance of continuing through the holiday season.

The eyes of Wall Street and the media and entertainment world will be trained on Burbank on December 10. That’s when the company will reveal a host of projects and strategic plans at a major online investor presentation.

A previous such event, in April 2019, boosted the company’s stock 10% in a single day to a then-record high.Last Thanksgiving, Disney stock was trading at $150.74.