|Day's range||8.30 - 8.59|
Zipcar had just announced that it was being acquired by car-rental company Avis Budget Group, sending shares of the leading car-sharing company 48% higher. Zipcar was disruptive to traditional auto-rental giants, so it wasn't a surprise that one of them would pay a premium to take it out. No one said investing in disruptors doesn't come with big risks if you wind up stuck with what's behind Door No. 3.
Walt Disney (NYSE: DIS) is underperforming the index, with its share price down a whopping 33% over the same time frame. What went wrong for Disney? The height of the COVID-19 pandemic was a complicated time for Disney because of its many different revenue streams.
Netflix (NFLX) closed the most recent trading day at $305.79, moving +0.22% from the previous trading session.