Can Disney Stock Stay Above $100 This Time?
The good news is that Walt Disney (NYSE: DIS) delivered blowout bottom-line results for its fiscal first quarter (ended Dec. 30, 2023) on Wednesday afternoon. The solid results alongside other beefy announcements pushed the shares above $100. The bad news is that it has always returned to the double digits in the past. Can it be different this time?
There was a lot riding on this week's financial update. With Disney fighting proxy battles on more than one front ahead of April's annual shareholder meeting, this would be its best shot to rally the bulls and silence the critics that wanted representation in the boardroom.
Disney packed for war. CEO Bob Iger made sure he loaded his quiver with plenty of arrows. Some of them were pretty pointy.
Source Fool.com
