Why Walt Disney Stock Jumped Today

On a generally positive day in the markets, shares of Walt Disney (NYSE: DIS) were up an outsized 5.6% as of 3:30 p.m. EST. That's a pretty notable move for a company with a $300 billion market capitalization.

Some of today's move in Disney stock is likely due to the pandemic recovery trade. Cruise operators and airlines both were moving higher on Thursday, and good news in those sectors bodes well for Disney's own cruise, theme park, and film businesses.

On a day when Disney competitor Comcast (NASDAQ: CMCSA) reported subscription data on its Peacock streaming service, Disney announced its Star app content will be added to international Disney+ subscriptions, though with a price increase in some locations.

Source Fool.com