The Walt Disney Company (DIS) is experiencing a stock price increase today, driven by the impressive box office performance of "Moana 2." The film set a new record for Disney Animation with $13.8 million in Tuesday preview screenings, marking the largest preview haul in the studio's history. This strong start suggests that "Moana 2" could be a significant revenue driver for Disney, especially during the lucrative Thanksgiving holiday period. The anticipation and early success of the film have likely contributed to investor optimism, boosting Disney's stock.
Additionally, Disney's recent agreement to settle a gender pay discrimination lawsuit for $43.25 million may have also played a role in today's stock movement. The settlement resolves longstanding allegations and could be seen as a positive step towards improving corporate governance and employee relations, further enhancing investor confidence.
Disney's stock is currently trading at $117.99, reflecting a 2.20% increase from its previous close of $115.45.