Weekly Recap | Disney +5.24%, fading after a weekly high
Weekly Review·
- Disney's stock accumulated a 5.24% weekly gain to close at 116.75 dollars, outperforming the S&P 500 index.
- The company announced global layoffs of thousands of employees and management cost cuts of 20% to improve profitability amid intensifying streaming competition.
- Institutional analysts maintained a strong buy consensus with an average target price of 126.58 dollars ahead of the upcoming Q4 fiscal earnings report.