Shares of Walt Disney Co.(NYSE:DIS) touched an all-time high level following the firm reported an surged in quarterly profit thanks in huge part to the success of The Avengers, which broke opening weekend records at the box office this past weekend.
Shares were moved up as much as 3% to $45.80 through trading on Wednesday. The success of The Avengers, mutual with strong audience at theme parks and an moved up in advertising revenues from cable networks for instance ESPN provided Q2 profits, even in the face of box office flops like John Carter.
Turning towards the investors who viewing DIS against The Madison Square Garden Co (NASDAQ:MSG) small declined -0.45%, World Wrestling Entertainment, Inc. (NYSE:WWE) lost -0.22%, Ku6 Media Co., Ltd. (ADR) (NASDAQ:KUTV) rose +0.06%, Bona Film Group Ltd (ADR) (NASDAQ:BONA) edged up +3.15%, Digital Cinema Destinations Corp (NASDAQ:DCIN) which also increased +0.84% and Digital Domain Media Group Inc (NYSE:DDMG) surged +0.50%.
The Walt Disney Company (NYSE:DIS) increased 1.63% or +$0.72 to close the trading at $45.02 following it hit intra day high level of $45.80. The total traded volume in the previous trading session was 21.35 million shares as compared to average 7.99 million shares. Its fifty two week trading range was $28.19 – $45.80. The total market capitalization reached $80.47 billion.
The stock price was ahead its 52 week low price with 62.37% and it going forward 1.17% from its 52 week maximum mark. Stock price volatility for last month remained 1.64%. In its share capital, the company has 1.79 billion outstanding shares out of which 1.65 billion shares have been floated in the market. For now, stock ownership with company’s management remained 0.11%.
DIS presented an optimistic weekly performance of 3.40% with respect to its rate of return and it remained 9.83% for the month. However, the performance for a quarter experienced a positive change of 9.09% and it surged 4.26% for a year and its year to date performance remained in green with 20.05%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with 5.24% and continued bullish run for 50 days moving average with +5.02%. Its earning per share for the past twelve months was $2.64. Company’s beta coefficient was at 1.21. Beta measures the amount of market risk associated with market trade.
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