Why Disney Stock Rose to a New All-Time High Today
Shares of Walt Disney (NYSE: DIS) climbed 4.4% to a closing high of $191.76 on Monday, as investors rotated into companies that could benefit once the COVID-19 crisis subsides.
Even as the number of coronavirus-related deaths in the U.S. surpasses 500,000, many people are beginning to look ahead to an eventual end to the health crisis. New COVID-19 cases are declining in many areas of the world as governments ramp up their vaccination efforts. Investors, in turn, bid up the stock prices of companies that stand to profit from a potential post-pandemic recovery.
Disney's share price popped on Monday. Image source: Getty Images.
Source Fool.com
