Why Disney Stock Gained 22% in December

Shares of Walt Disney (NYSE: DIS) jumped last month after the entertainment giant unleashed a wave of impressive updates at its investor day conference on Dec. 10, including a significant expansion in its goals for Disney+ and the rest of its streaming services. That news helped propel the stock up 22%, according to data from S&P Global Market Intelligence, hitting an all-time high in the process.

As you can see from the chart below, shares surged on the update and tacked on more gains at the end of December.

Source Fool.com