DIS Stock Summary and Trading Ideas (Walt Disney Company | NYSE:DIS)

Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.

Walt Disney Company trades on the NYSE stock market under the symbol DIS.

As of April 19, 2024, DIS stock price declined to $111.59 with 3,951,913 million shares trading.

DIS has a beta of 1.01, meaning it tends to be more sensitive to market movements. DIS has a correlation of 0.22 to the broad based SPY ETF.

DIS has a market cap of $204.69 billion. This is considered a Mega Cap stock.

Last quarter Walt Disney Company reported $24 billion in Revenue and $1.22 earnings per share. This fell short of revenue expectation by $-141 million and exceeded earnings estimates by $.23.

In the last 3 years, DIS stock traded as high as $190.33 and as low as $78.73.

The top ETF exchange traded funds that DIS belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

DIS has underperformed the market in the last year with a price return of +10.9% while the SPY ETF gained +21.2%. However, in the short term, DIS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +21.0% vs +4.3% return in SPY. But in the last 2 weeks, DIS shares have been beat by the market, returning -4.7% compared to an SPY return of -3.5%.

DIS support price is $110.82 and resistance is $114.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DIS stock will trade within this expected range on the day.