Disney Stock Prices Soar After Disney+ Launch

Disney+ launched this week and reached it’s 10 millionth subscriber within the first day. Naturally, the Walt Disney Co stock rose and it notched its biggest one-day gain in seven months!

Disney DIS, -1.06% gained 7.3% to close at $148.72, an all-time high for the stock, on Wednesday. Shares of Disney are up 35% this year as well.

Netflix NFLX, (Disney+’s main competitor) +2.30% shares closed 3% lower on Wednesday. Netflix has about 60 million subscribers.

Disney’s goal of having 60 – 90 million Disney+ subscribers within five years could be fast-forwarded at this pace. Are you a Disney+ subscriber or Walt Disney Co stockholder?

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Sara 5,181 Posts

Sara is a travel agent with Destinations to Travel, a Disney Earmarked agency. She lives in Alaska with her husband and 3 kids. Due to her extreme dislike of winter, she travels often to warmer destinations during the colder months. She visits the Disney parks and resorts frequently with her family and loves helping other families plan magical vacations. Contact her here for help with your vacation!

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