Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Walt Disney’s “Frozen II” on Sunday became the top animated movie at the global box office of all time, as it has earned $1.32 billion since its launch in November.

Walt Disney shares closed lower for a second consecutive trading session in New York on Monday. The stock went down 0.58% ($0.85) to $145.65, after touching an intraday low at $144.31, or a price level not seen since December 31st ($143.26).

Shares of Walt Disney Company have risen 0.71% so far in 2020 compared with a 0.48% gain for the benchmark index, S&P 500 (SPX).

In 2019, Walt Disney’s stock went up 31.90%, thus, it again outperformed the S&P 500, which registered a 28.88% gain.

“Disney’s box-office hot streak continues into 2020 as ‘Frozen II’ surpasses the first installment to become the highest grossing animated film of all-time and continues to charm enthusiastic audiences, adults and kids alike, around the world,” Paul Dergarabedian, senior media analyst at Comscore, was quoted as saying by CNBC.

“Frozen II” has so far earned $449.9 million in the United States and $875.3 million across the globe.

“Frozen II” has become the sixth movie from the studio, along with “Captain Marvel,” “Aladdin,” “The Lion King,” “Avengers: Endgame” and “Toy Story 4” to surpass the $1 billion mark this year, while “Star Wars: The Rise of Skywalker” is soon expected to become the seventh one.

The three highest-grossing animated releases ever produced are now all movies by Disney. “Frozen” earned $1.28 billion during its run in 2013 and 2014, while “Incredibles 2” generated $1.24 billion in ticket sales in 2018.

Analyst stock price forecast and recommendation

According to CNN Money, the 24 analysts, offering 12-month forecasts regarding Walt Disney’s stock price, have a median target of $160.00, with a high estimate of $175.00 and a low estimate of $120.00. The median estimate represents a 9.85% upside compared to the closing price of $145.65 on January 6th.

The same media also reported that at least 20 out of 27 surveyed investment analysts had rated Walt Disney’s stock as “Buy”, while 7 – as “Hold”.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/USD trading forecast for MondayForex Market: EUR/USD trading forecast for Monday Friday’s trade saw EUR/USD within the range of 1.0460-1.0639. The daily low has also been the lowest level since January 9th 2003, when a low of 1.0453 was recorded. The pair closed at 1.0495, falling 1.32% on a daily basis. The cross […]
  • NZD/USD falls before RBNZ policy meeting, FedNZD/USD falls before RBNZ policy meeting, Fed New Zealand weakened against its US peer before the Reserve Bank of New Zealand policymakers meet on October 31st and also ahead of Federal Reserve Banks two-day meeting, scheduled to begin later today.NZD/USD touched a session low at […]
  • EUR/USD steady, close to session highs after ADP report, FOMC decision in focusEUR/USD steady, close to session highs after ADP report, FOMC decision in focus The euro traded steadily and in proximity to session highs on Wednesday against the US dollar, following the disappointing ADP report on employment and as market players remained cautious ahead of the conclusion of Federal Reserve Banks […]
  • Grain futures mixed, soybeans decline on favorable weather in South AmericaGrain futures mixed, soybeans decline on favorable weather in South America Grain futures were mixed on Friday with corn and wheat marking moderate advances, while soybeans fell on outlook for favorable weather across South Americas major growing areas. Wheat drew support on signs of increased demand for U.S. […]
  • Nokia brings new devices in October, “Sirius” to be unveiledNokia brings new devices in October, “Sirius” to be unveiled Nokia Corp. plans to present six new mobile devices including its first tablet at an October event in Abu Dhabi, which would be its first major product launch since announcing a deal to sell its devices unit to Microsoft Corp., according to […]
  • Forex Market: USD/CAD daily trading forecastForex Market: USD/CAD daily trading forecast Friday’s trade saw USD/CAD within the range of 1.3263-1.3351. The pair closed at 1.3323, rising 0.23% on a daily basis, while extending the gain from Thursday. The daily high has been a higher-high test of the high from October 1st (1.3334) […]