Shares of The Walt Disney Company (NYSE:DIS) traded today at $200.60, eclipsing its 52-week high. This new high was reached on below average trading volume as 6.3 million shares traded hands, while the average 30-day volume is approximately 11.7 million shares.
Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one. The media networks group contains the U.S. cable channels and ABC. The studio segment holds the movie production assets.
The Walt Disney Company (NYSE:DIS) is currently priced 43.1% above its average consensus analyst price target of $113.53.
Over the past year, The Walt Disney Company has traded in a range of $79.07 to $200.60 and is now at $199.40, 152% above that low.
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