Posted 3/26/2024, 4:25:28 PM
Disney Stock at 52-Week High But Faces Theme Park Rival and Investor Pressure
- Disney stock hit a new 52-week high, but faces challenges from a rival theme park and activist investors
- Comcast's Universal Orlando will likely reveal more details about its Epic Universe park opening in 2025 to compete with Disney
- Disney has no announced plans for a 5th Florida theme park yet, but may accelerate expansion plans due to competition
- Disney's annual shareholder meeting on April 3rd is unlikely to see major fireworks despite activist campaigns
- Disney stock is up 32% this year after 3 down years; upcoming movies and streaming releases make this a critical time to deliver for investors