Disney Stock Hits 6-Month High On Streaming Progress, Upbeat Financial Guidance And Wall Street Analysts' Cheers

The Mouse is regaining its mojo on Wall Street. Disney stock, which hit a 2024 bottom of $83.91 over the summer, has roared back to life and is seeing a second straight day of significant gains after an upbeat earnings report Thursday morning. Shares were up nearly 4% as of mid-day Friday, reaching a 6-month high north of $113. They have gained 24% in 2024 to date. While there are some reasons for concern (the ongoing meltdown of linear TV assets, the ramp-up in sports rights costs, the challenge of picki ...