The One Disney Item You Should’ve Bought Last Year

The past year and a half has been a rather wild ride for The Walt Disney Company!

With park closures, multiple media releases, and changes in leadership, there have been some big shifts and financial challenges.

But even though 2020 was a rough time for the company, there was one Disney item you definitely should’ve bought back then…the stock!

Last Year, Disney Stock Took a Big Hit

When the pandemic first hit the nation, many companies suffered financially. The Walt Disney Company was one of those, and it affected the stock numbers for a while. In fact, in April 2020 it was at $101.46, and consequently, its rating was lowered by analysts.

Many Were Concerned About the Company’s Future

At the time, the pandemic had shut down the theme park industry completely. The Walt Disney Company was also under new management with recently appointed CEO Bob Chapek. It was a very unsure time for investors and analysts.

The company had also announced a shift to focus on streaming, which was a big change. Many people, including stock analysts, were concerned about the direction that things were headed for Disney, worried that the company was making the wrong decisions. That’s a large part of the reason that the stock took a turn.

Disney Has Made An Impressive Comeback

However, since then Disney has made a rather impressive comeback. The focus on streaming has been a solid decision for the company (through the pandemic especially). Because of the big push for Disney+, several movies were able to be released successfully even at a time when many movie theaters had low attendance levels.

In addition to movie releases, Disney+ has had quite a few hit shows in the last year and a half. Marvel and Star Wars especially have had big releases that have greatly increased the number of subscribers for the streaming service. With that massive growth, Disney’s entertainment division has been able to keep the company afloat during a difficult time.

Also, the theme parks were able to reopen in July 2020. Due to the high cost of operation, it took a while for the parks division to turn a profit (five quarters, to be exact), but there was a lot of pent-up demand for travel. And with big events like the holiday season, the 50th Anniversary, and lots of new offerings, Disney World is poised to be very busy in the coming months.

What’s the Stock Like Now?

So with all of these positive changes, how’s Disney stock doing now? Well, first of all, analysts are looking much more favorably at the company. The Walt Disney Company stock had previously been rated “sell” and the rating was changed to “neutral” at the beginning of 2021. Now it sits at a “strong buy,” which is based on 18 analyst ratings in the past three months.

For the past few months, the stock has been hovering in the $170s. It hit a high above $200 in March 2021, but it seems to have balanced out a little for the time being. That’s an impressive jump from where it sat at the beginning of the pandemic — the prices were even good enough for Disney Chairman Bob Iger to sell half of his shares in the company!

What Will Happen in the Future?

It’s incredibly difficult to predict the future for the Walt Disney Company, but that’s part of the fun of stocks…you don’t really know what will happen! The price will continue to fluctuate with things like big announcements, financial decisions, COVID outbreaks, and other big news from the company.

So should you buy Disney stock? Well, that’s up to you! It’s definitely a big risk (as is any stock purchase), but it’ll be your decision to make. If you do, you won’t be alone — there’s a whole host of shareholders invested in Disney’s financial wellbeing just like you. And we’ll be right here with you, sharing all the updates and news as it comes!

Stay tuned to AllEars for the latest financial updates from the Walt Disney Company. We’ll cover all the need-to-know details and share them with our readers!

Click Here to Learn About Disney’s Financial Status!

Do you own stock in Disney? Let us know in the comments!

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