Disney's most recent trend suggests a bullish bias. One trading opportunity on Disney is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 15.07% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $8.69 would be incurred if the stock dropped below the $100.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Disney is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Disney is bullish.
The RSI indicator is at 70.26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Disney
IBM, Disney, Facebook, AstraZeneca – 5 Things You Must Know Monday
Mon, 20 Jul 2020 09:23:00 +0000
Stock futures dip as Wall Street comes off its third straight week of gains; IBM reports earnings Monday, with Microsoft and Tesla reporting later in the week; Phase 1 results for a coronavirus vaccine developed by AstraZeneca are expected to be published Monday.
Disney Quietly Joined Facebook Advertising Boycott As Movement Against Hate Speech Picked Up: Report
Mon, 20 Jul 2020 02:04:29 +0000
Walt Disney Co. (NYSE: DIS) has become the latest major firm to cut advertising spending on Facebook Inc (NASDAQ: FB) and subsidiary Instagram's platforms, as the momentum to boycott the platform in pursuit of civil rights for minorities picks up pace, the Wall Street Journal reported Saturday.What Happened The entertainment conglomerate is joining the ranks of a growing boycott against the Mark Zuckerberg-led social media company, with Unilever Plc (NYSE: UN), Starbucks Corporation (NASDAQ: SBUX), Verizon Communication Inc (NYSE: VZ) and hundred others already on-board.The heavily-promoted video streaming service Disney+ has cut ads on Facebook, while Hulu, which is also owned by Disney, has cut ads on Facebook's Instagram platform, the Journal noted.Disney hasn't disclosed the duration of the advertisement cull on the Menlo Park-based social media giant's platforms or made any public announcement in connection with the suspension.Why It Matters In the first half of 2020, the theme park operator was the biggest source of ad revenue for Facebook, having spent $210 million on advertisements for Disney+ alone, according to Pathmatics data reported by the Journal.Hulu's advertisements raked in $16 million for Instagram between April 15 to June 30, the research firm's data indicated.Disney's other divisions are also considering axing ads on the social network, but there is no clarity on how much they are spending on Facebook promotion, the Journal noted.The boycott is spearheaded by civil rights organizations such as Color of Change and the Anti-Defamation League under the banner "Stop Hate For Profit."The organizations' talks with Facebook have made little headway, and the boycott campaign could continue beyond July.Price Action Facebook shares traded 0.38% lower at $241.12 in the after-hours on Friday. The shares had closed 0.46% higher at $242.03 in the regular session.On the same day, Disney shares closed 0.65% lower at $118.65.See more from Benzinga * Facebook Preparing To Launch TikTok Rival In US, 50 Other Markets * Facebook, Whatsapp Get Federal Court Go-Ahead To Sue Israeli Surveillance Firm In Malware Exploit Case * Facebook To Stream Official Music Videos From Next Month, In A Challenge To YouTube: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Facebook’s biggest advertiser, Disney, reportedly slashes ad spending
Sun, 19 Jul 2020 20:31:00 +0000
The Walt Disney Co. has “dramatically” slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal.
Disney Pulls Facebook Ads for Disney Plus Amid Boycott Over Hate-Speech Concerns (Report)
Sun, 19 Jul 2020 12:30:36 +0000
Disney, the biggest spender on advertising with Facebook in the first half of 2020, has reportedly suspended ads for Disney Plus and Hulu with the social giant. Disney recently has "dramatically slashed" advertising with Facebook, the Wall Street Journal reported Saturday, citing anonymous sources. Disney did not immediately respond to requests for comment. The move […]
Can Disney+ Reach 100 Million Subscribers by the End of 2020?
Sun, 19 Jul 2020 11:00:00 +0000
Walt Disney (NYSE: DIS) is going through major disruptions to its business because of COVID-19. It's slated to be introduced in the Nordics, Belgium, Luxembourg, and Portugal in September, and then Latin America later in the year.
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