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Disney Stock Rallies as Disney+ Tops 50 Million Paid Subscribers

New York covid-19 pandemic Netflix Coronavirus
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Wall Street on Thursday rewarded The Walt Disney Co. for its streaming battle success against Netflix on news that Disney+ had hit 50 million paid subscribers globally.

Shares in Disney rose $3.48, or 3.5 percent, to $104.49 on the New York Stock Exchange after opening trading on the day at $107.92.

Stock in the studio is well down from a 52-week high of $153.41 after investors factored in the recent COVID-19 impact on Disney.

The latest stock rally follows the announcement a day earlier that Disney's streaming service, which launched Nov. 12, had surpassed the 50 million subscriber milestone.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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