Disney Stock Is Up 30% This Year. Is It Too Late to Buy?
Walt Disney (NYSE: DIS) stock hit its lowest price in almost a decade last year, bottoming out at 60% off its all-time highs. However, things have been turning around, and Disney stock is up 30% so far this year. Is it too late to buy Disney stock?
Disney runs a large, multifaceted business. When all the pieces work together, Disney is a powerhouse. It has an unmatched content library and creative team that churns out hits based on beloved characters and franchises, and these are used to populate Disney's media channels, build theme park rides, and develop new feature films.
However, with so many parts, things aren't always working together. When something goes wrong with one segment, the other ones can lift more weight. That happened early in the pandemic when parks were closed and streaming took off, and conversely, when streaming began to become saturated and parks reopened to high demand.
Source Fool.com
