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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?
