Walt Disney Company Stock Closing Higher in Recent Weeks
Shares of stock for The Walt Disney Company have been trading above $90 a share recently.
The company's stock used to trade above $100 in the 1980s and 1990s, but when the stock closed on August 19 at $90.09 a share it was the first time time in 15 years that the company's stock had closed above $90.
Disney's most recent fiscal year quarterly report showed a net income of $2.25 billion for the quarter, which was up from $1.85 billion for the same quarter last year. The film division showed a 22 percent increase in net income for the same quarter.
The company's stock had a 52-week high earlier this month when shares reached $90.37 during day trading.
The stock closed at $90.02 on August 26. The Walt Disney Company stock has increased 18 percent since January of this year.
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Kristen K. wrote on Fri, 08/29/2014 - 12:57:
$90 a share is amazing for Disney stock. It wasn't long ago that $35 was the high. Though I do worry that the company is focusing too much on what the stock price is and forgetting its guests, especially in the field of customer service.
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