Walt Disney Company (DIS) saw a modest increase in its stock price on November 25, 2024, closing at $116.00, up 0.3% from the previous close of $115.65. The stock opened at $115.68 and reached a high of $116.58 during the day, with trading volume at 6,642,350 shares, about 69.4% of its average daily volume. The slight uptick in Disney's stock price comes amid positive sentiment surrounding its streaming business, which reported a 15% y/y revenue increase in Q4, reaching $5.8 billion. This performance marks a significant turnaround from a $387 million loss in the same period last year to an operating profit of $321 million. The growth in Disney's direct-to-consumer segment, driven by subscriber additions and strategic price hikes, has been a focal point for investors, despite the company's overall market performance lagging behind competitors like Netflix.
Additionally, discussions on social media platforms like Reddit have highlighted concerns over Disney's creative direction, particularly regarding its handling of LGBTQ+ content. However, these discussions did not appear to significantly impact the stock's movement. The recent sale of $42.7 million in stock by CEO Bob Iger, which was part of a pre-planned trading strategy, also did not weigh heavily on investor sentiment.