Can Disney Stock Live Up to Monday's 12% Pop?
News of a potentially viable vaccine hitting the market in the coming months was enough to give Walt Disney (NYSE: DIS) a -- one would say -- shot in the arm. The stock surged 12% on Monday, hitting a 10-month intraday high along the way.
You have to go all the way back to Jan. 3 to find when shares of the media giant traded higher, so Disney is trading at pre-COVID-19 levels again. It's a welcome sight, of course, but the timing of the rally in the consumer bellwether isn't great. Disney will be posting its fiscal fourth-quarter results shortly after Tuesday's market close, and it's not going to be pretty. Keeping Monday's rally going or even justifying the heady gains will be a challenge unless Disney comes through with a blowout performance.
Image source: Walt Disney.
Source Fool.com
