Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6516
    -0.0019 (-0.30%)
     
  • OIL

    83.06
    +1.71 (+2.10%)
     
  • GOLD

    2,240.10
    +27.40 (+1.24%)
     
  • Bitcoin AUD

    108,788.66
    +3,591.80 (+3.41%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6039
    +0.0008 (+0.14%)
     
  • AUD/NZD

    1.0906
    +0.0026 (+0.24%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,265.24
    -15.60 (-0.09%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,824.08
    +64.00 (+0.16%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     

Disney (DIS) Looks Good: Stock Adds 7.3% in Session

The Walt Disney Company DIS was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $129.48 to $138.58 in the past one-month time frame.

The stock gained following news that the company's Disney+ streaming service has surpassed 10 million subscribers.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Disney currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

The Walt Disney Company Price

The Walt Disney Company Price
The Walt Disney Company Price

The Walt Disney Company price | The Walt Disney Company Quote

ADVERTISEMENT

Investors interested in the Consumer Discretionary sector may consider a better-ranked stock like Deckers Outdoor Corporation DECK, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
Is DIS going up? Or down? Predict to see what others think:Up or Down

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The Walt Disney Company (DIS) : Free Stock Analysis Report
 
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research