Disney Stock Rises Toward New Highs As Frozen 2 Smashes Records

Disney's (NYSE: DIS) Frozen 2 hauled in more than $350 million in global box office receipts during its opening weekend, including $127 million in the U.S. alone. The film's debut places it on track to become one of the highest-grossing movies of all-time.

The movie continues the journey of Disney's popular characters Elsa, Anna, and Olaf. It also furthers a franchise that generated nearly $1.3 billion in box office sales and many millions more in merchandise profits.

Ticket sales for Frozen 2 are expected to remain strong in the weeks ahead, particularly during the upcoming Thanksgiving holiday, when children are off from school.

Source Fool.com