In: Finance
analyse and explain Walt Disney company stock price in june
date |
close |
volume |
open |
high |
low |
change in price |
6/3/19 |
132.47 |
7901387 |
132.02 |
132.95 |
131.49 |
0.43 |
6/4/19 |
134.82 |
8247513 |
133.45 |
134.88 |
132.92 |
2.35 |
6/5/19 |
135.94 |
6842759 |
135.41 |
136 |
134.9399 |
1.12 |
6/6/19 |
137.21 |
6027316 |
136.51 |
137.44 |
135.73 |
1.27 |
6/7/19 |
138.04 |
7026269 |
137.6 |
138.76 |
137.33 |
0.83 |
6/10/19 |
137.07 |
8479526 |
138.88 |
138.88 |
136.071 |
-0.97 |
6/11/19 |
135.08 |
6352215 |
137.59 |
137.745 |
134.94 |
-1.99 |
6/12/19 |
135.72 |
5536986 |
135.09 |
136.28 |
134.8245 |
0.64 |
6/13/19 |
141.74 |
17939540 |
137.95 |
141.85 |
137.61 |
6.02 |
6/14/19 |
141.65 |
11125200 |
142.05 |
142.95 |
140.53 |
-0.09 |
6/17/19 |
140.97 |
8542717 |
140.81 |
141.48 |
139.11 |
-0.68 |
6/18/19 |
139.24 |
11231410 |
141.99 |
143.51 |
138.97 |
-1.73 |
6/19/19 |
140.92 |
6877141 |
139.51 |
141.07 |
138.58 |
1.68 |
6/20/19 |
142.02 |
8485793 |
141.975 |
142.2285 |
139.91 |
1.1 |
6/21/19 |
140.23 |
14150040 |
141.95 |
142 |
140 |
-1.79 |
6/24/19 |
139.22 |
10497420 |
140.12 |
140.47 |
137.8 |
-1.01 |
6/25/19 |
139.94 |
14675360 |
139.02 |
140.41 |
138.67 |
0.72 |
6/26/19 |
140.4 |
8842136 |
140.36 |
140.74 |
139.5109 |
0.46 |
6/27/19 |
139.3 |
6466261 |
141 |
141.74 |
138.92 |
-1.1 |
6/28/19 |
139.64 |
20078800 |
139.41 |
140.21 |
138.61 |
0.34 |
Opening price for June month = $ 132.02
Closing price for June = $ 139.64
Highest price for June = $ 143.51
Lowest price for June = $ 131.49
highest inter day increase in price for June = $ 6.02
Highest inter-day decrease in price for June = $ 1.99
% Change in price for June = ( 139.64 - 132.02 ) / 132.02 = 5.77 %
On 13 June 2019, Morgan stanley published a research report that increased the forecast for Disney's streaming subscriber growth. Morgan Stanley also increased its target price for the Disney stock from $ 135 to $ 160. This announcement from Morgan Stanley led to an increase in stock price. Disney stock gained most on June 13. The increase was $ 6.02.
After 13 June, stock price hovered around $ 140 levels but there were days of price decrease. Market seemed to have noticed that Disney+ won't be immediately profitable and streaming business will replace the legacy business model in the long run.