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Disney shares rebound amid broader market downturn

EditorAmbhini Aishwarya
Published 10/06/2023, 01:09 AM
© Reuters.
DIS
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In a challenging trading session on Thursday, Walt Disney (NYSE:DIS) Co. managed to buck the trend, with its shares rallying 1.88% to $80.81. This positive movement marked an end to Disney's two-day losing streak and stood out significantly amidst the broader market downturn.

Disney's performance was particularly noteworthy when compared to its competitors. Apple Inc (NASDAQ:AAPL). saw a modest increase of 0.72% to $174.91, while Comcast Corp (NASDAQ:CMCSA).'s shares fell by 1.04% to $43.02 and Netflix Inc. (NASDAQ:NFLX)'s shares fell by 1.14% to $372.59.

Despite the rally, Disney's shares closed $37.37 below their 52-week high of $118.18, which was reached on February 9th. The trading volume for Disney remained below its average, indicating that the uptick in share price was not accompanied by an increase in trading activity.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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