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