HULT Private Capital Sees Disney Writing A New Comeback Story
After a long cold winter that started in March of 2020 with the COVID-19 pandemic, it seems that Mickey Mouse and the company are writing their own comeback story. We sat down with Alex Mckenzie, a leading analyst at HULT Private Capital who follows Disney, to discuss the recent increase in Disney’s stock price. HULT’s Mckenzie began our interview by saying, “Things are looking good for Walt’s old company, the entertainment and media giant reported their third-quarter earnings and revenue on August 10th and both beat analysts’ expectations. Unsurprisingly the company’s results got a good revenue boost from their Disney+ streaming platform subscribers, which came in above analysts’ es mates.” The good news has had an immediate and lasting effect, on Disney’s stock price, the stock price was at $108.13/share before the news and after its release, Disney saw its share price rally more than 9% in the premarket. Moreover, it has risen to and stayed over $122/share since August 15th. Disney