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Why Disney Stock Soared Today

TheMotleyFool

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Walt Disney's (NYSE: DIS) stock surged as much as 15.9% on Monday, following a blockbuster announcement on the COVID-19 vaccine front.

As of 1:21 p.m. EST, shares were up 11.3%.

The media giant's popular new streaming service, Disney+, has added subscribers at a torrid clip during the coronavirus pandemic, as more people have sought out safer home-based entertainment options. In its third-quarter report, Disney said over 60 million customers have already joined the fast-growing streaming service.

Source Fool.com

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