What is the Market's View on Walt Disney Co (DIS) Stock's Price and Volume Trends

Tuesday, August 4, 2020 3:31 PM | InvestorsObserver Analysts

The market has been high on Walt Disney Co (DIS) stock recently. DIS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Walt Disney Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DIS!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DIS Stock Today?

Walt Disney Co (DIS) stock is trading at $117.42 as of 3:30 PM on Tuesday, Aug 4, an increase of $1.03, or 0.88% from the previous closing price of $116.39. The stock has traded between $115.76 and $118.35 so far today. Volume today is 10,041,268 compared to average volume of 11,552,486.

To screen for more stocks like Walt Disney Co click here.

More About Walt Disney Co

Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one. The media networks group contains the U.S. cable channels and ABC. The studio segment holds the movie production assets.

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