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home / news releases / DIS - Disney: Great Opener For Inside Out 2 May Divert Attention From Bearish Signals

DIS - Disney: Great Opener For Inside Out 2 May Divert Attention From Bearish Signals

The Walt Disney Company

2024-06-20 10:19:01 ET

Summary

  • Memories provide a different frame of reference in valuing DIS.
  • DIS enthusiasts should not take overheated enthusiasm for the stock because of the great opening numbers for Inside Out 2.
  • Too many DIS verticals are still holding back a strong upside ahead.

Premise: Inside Out 2 , Disney 's (DIS) sequel to a very successful Pixar release, went beyond expectations, logging a superb $295m in early global grosses out of the box. This is clearly great news for DIS and its loyal investors, who have endured a long stretch of the WBD trading ranges stuck in bearsville. Overall, industry-wide theater grosses so far this year have hovered at the edge of disaster, showing an average fall of 24% from its familiar roosts over time....

For further details see:

Disney: Great Opener For Inside Out 2 May Divert Attention From Bearish Signals
Stock Information
Company Name: The Walt Disney Company
Stock Symbol: DIS
Market: NYSE
Website: thewaltdisneycompany.com
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