Why Disney's Shares Rose 12.8% in August

Shares of entertainment juggernaut Disney (NYSE: DIS) were up 12.8% in August, according to data provided by S&P Global Market Intelligence. Virtually all of the increase came on Aug. 5, after the company reported its third quarter FY2020 results. 

Even with the double-digit percentage gain in August, Disney's shares are still down more than 8% year to date, badly lagging the S&P 500, which is up about 6% for the year.

Image source: Getty Images.

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Source Fool.com