Disney's Stocks Are More Than Ready For The Grand Reopening

Vacations haven’t been much of an option over the two years. Thankfully, with many people making some changes and learning how to embrace the new normal, life is steadily getting back to how it used to be. As a result, the option to enjoy a break somewhere is on the up, and Disney is eager to capitalize on it. 

In fact, after months of not being able to operate, it appears that the company could be back bigger than ever before. With more of their resorts and cruises enjoying a grand reopening, demand is increasing - and that’s clear to see in Disney’s stocks.

Where are Disney’s stocks at?

2020 wasn’t a good year for many. However, we can’t say the same for Disney’s stocks. Across 12 months, the company managed a 31% gain. That’s incredibly impressive, given how many businesses were ultimately bankrupted by the events of 2020. Although it had a considerable rise during that period, not much has changed recently. However, that’s not necessarily a problem. It’s relatively common for a well-performing stock like this to have a rest period before ascending further. The fact that it seems to be stalling at the moment is perfectly fine, particularly when you consider that its consolidation is in the form of a symmetrical triangle. This means that moving forward, we’ll see a repeat of the previous trend, which was obviously great for Disney - and Disney’s stocks.

Why is Disney doing so well?

You’d be hard-pressed to find someone in the world who isn’t familiar with Disney. The company has been growing its legacy for nearly a century now, making a name for itself wherever possible. When they’re not pumping out hugely popular films and TV shows, they’re acquiring other famous properties and establishing theme parks. Disney is so widespread now that it’s impossible to avoid. Their parks alone raked in $16.5 billion last year, while their streaming service now has over 100 million global subscribers. With Disney also owning the likes of ‘LucasFilm,’ ‘Marvel Studios,’ ‘ABC’ and ‘21st Century Fox,’ they’re basically the ultimate media moneymakers. It’s no wonder they continue to perform so well, even when dealing with everything.

So everything looks good for Disney’s grand reopening?

There’s no doubt that Disney’s stocks are performing well. For the last six months, the company has never closed beneath its 200-day moving average, which is a clear indicator that things are going as planned. The availability of stuff like DisneyPlus helped with this while the global pandemic forced some of the company’s other ventures to close temporarily. However, with the country steadily recovering, the desire to flock to Disney’s theme parks, resorts, and cruises, is greater than ever. The one-of-a-kind experience that such establishments offer makes them the perfect place to go after so many months trapped inside. All Disney has to do is open its doors, and the masses will come running.

If you’re a Disney fan, you’re never short of things to do. The company has firmly made its mark on people’s lives, and as Disney’s stocks show, it just keeps growing bigger. It’s hard to even think about Disney’s grand reopening being a thing, because the company hasn’t really gone anywhere.