NEWS: Disney Stock Surges Following Promising Vaccine Report
2020 has certainly been an interesting year for The Walt Disney Company.
Magic Kingdom
All of its theme parks around the world closed due to the global pandemic, some having to close a second time, and several Disney movies have been redirected to releases on Disney+ as opposed to theatrical releases. But this morning, Disney stock surged.
According to Variety, the U.S. markets surged this morning following this weekend’s events and Pfizer’s announcement today that “its COVID vaccine was more effective than expected.” Before the markets opened today, Pfizer and BioNTech SE announced that “a COVID-19 vaccine candidate they developed was found to be more than 90% effective in preventing COVID-19 in participate without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.”
Disney World’s Health and Safety Signs
Safety data is, however, continuing to be collected by the companies.
Following this announcement and the weekend’s events, Disney stock surged this morning and opened up more than 14%, “as investors eyed a bigger reopening of the company’s theme parks.”
Tree of Life
But Disney wasn’t alone. Stocks of theatre chains, like AMC Entertainment, Six Flags Entertainment, SeaWorld Entertainment, and others have also gained in early trading. Some media and telecom stocks were also showing gains, including Fox Corp., Discovery, and others.
Disney Springs
But, “stay at home” stocks, which have “benefitted from coronavirus lockdowns,” like Netflix, Zoom, and Peleton saw a decrease this morning in early trading. Others, like Amazon and Facebook had also dropped slightly.
©Amazon
It seems with the news of this vaccine’s preliminary success, some are preparing for potential greater reopenings of theme parks and other activities, causing those activities that gained a lot of traction during quarantine to drop in terms of trading.
Goofy in the Holiday Cavalcade
Things are constantly changing in Disney World, with the stock market, and with the world in general, so it’s unclear how long this increase will last, but we’ll certainly keep an eye out for more news as it relates to Disney and their stock. We anticipate we’ll learn more about Disney’s overall financial situation and other updates during Disney’s full year and fourth quarter earnings report, set to occur later this week.
Click here to see what’s new in Magic Kingdom.
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
Don't Miss Out on Any Disney Fun!
Preorder Your Copy of the 2021 DFB Guide to Walt Disney World Dining Today!
With more than 750 pages, the 2021 DFB Guide to Walt Disney World Dining is full of tips and planning tools developed by Disney World experts over 30+ years of visits. We've done the research for you, so you'll know just which spots will uniquely suit your family's needs!With mini-reviews of every single restaurant, bar, lounge, kiosk and more; an entire chapter on the best snacks in Disney World; full Disney Dining Plan analysis (and how to get FREE dining); and a full chapter on discounts and deals; you'll have everything you need to plan your best vacation yet.
Click here to order your copy of the 2021 DFB Guide to Walt Disney World Dining E-book with code WDW2021 to save 25% off the cover price today! Your order will include a FREE instant download of the 2020 Edition of the Guide!
Use code WDW2021 at check-out for 25% off the cover price today!
The post NEWS: Disney Stock Surges Following Promising Vaccine Report first appeared on the disney food blog.
from the disney food blog https://ift.tt/35eI9yd
Post a Comment