There isnt even any changes in its business other than some firm upgraded their stock to buy. In this high interest and recessionary environment, disney should be hurting bad. It plans on borrowing 60b to upgrade its parks meanwhile it's hemorrhaging money on streaming. Yes, it probably is the only true competitor netflix but netflix is also hurting bad right now. Disney has no clear path to increasing profits in the near term. They also recently lowered prices for children because obviously their park attendance was going down a lot.
[link] [comments] https://www.reddit.com/r/stocks/comments/171ku0h/how_does_it_make_sense_for_disney_to_go_up_3_today/
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