NEWS: Walt Disney Company Share Price Increases Over 14% After Recent COVID-19 Vaccine Announcement

Disney Parks have been continuing to follow health and safety guidelines in the midst of the current health crisis.

Pandora

Although Disney World and other parks are currently open, places like Disneyland and Disneyland Paris have closed as a precaution to guests. However, things may be looking up for theme parks as medical officials continue to move forward with their efforts.

According to Variety, theme park shares have jumped up after Pfizer and BioNTech SE announced that their COVID-19 vaccine candidate has been more effective than previously expected.

Cinderella Castle

The companies provided the announcement that their vaccine has been found to be more than 90% effective in “preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.”

Hollywood Studios

In the wake of the news, theme park stocks leaped up as Disney shares went up 14% followed by Six Flags Entertainment with 23% and SeaWorld Entertainment with 17%.

Disney’s Animal Kingdom

However, the companies are still working to gather more data safely by following the FDA guidelines for potential Emergency Use Authorization. The vaccine’s information will be available by the 3rd week of November with a current projection of up to 50 million vaccine doses available globally in 2020 with 1.3 billion doses in 2021.

Spaceship Earth

As we find out more details on theme parks’ responses to the global health crisis, we’ll be sure to share all the information you need to know!

Have you been to a theme park recently? Let us know in the comments below!

Join the AllEars.net Newsletter to stay on top of ALL the breaking Disney News! You'll also get access to AllEars tips, reviews, trivia, and MORE! Click here to Subscribe!

Click below to subscribe

Rachel Franko has been going to Disney Parks since she was a baby, and her love of Disney has only grown into a SLIGHT obsession since! She's been writing for AllEars since 2019 and loves sharing the magic with all the readers. When she's not writing, you can catch her heading to Disney and Universal Studios with a heart full of dreams and a backpack full of themed ears!

Leave a Reply

Your email address will not be published. Required fields are marked *