Followers | 680 |
Posts | 141194 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Friday, November 13, 2020 4:15:47 PM
By: Schaeffer's Investment Research | November 13, 2020
• DIS has received no fewer than six price-target hikes this morning
• The options pits are in a frenzy at the moment
The shares of Walt Disney Co (NYSE:DIS) are trading up 1.8% at $138, after the company reported narrower-than-expected fiscal fourth-quarter losses per share. Revenue also beat analysts' forecasts, as theme parks began to show hints of recovery following shutdowns, alongside increasing Disney+ subscriptions. Additionally, Disney announced it would forego its January dividend payment, though it plans to reinstate it in the future.
In response, DIS has received no fewer than seven price-target hikes, as well as an upgrade to "outperform" from "sector perform" from RBC, who upped its price target to $170 from $124. The flurry of bull notes is unsurprising, considering coming into today, six of the 18 in coverage sported a "hold" or worse rating. Plus, the equity's 12-month consensus price target of $146 is an 8% premium to last night's close.
Disney stock's Nov. 9 bull gap sent the equity above $134 for the first time since Sept. 10. Since then, however, the equity has closed the last four sessions lower, though today it's poised to buck that trend. Longer term, DIS has added 27.3% in the last six months.
As a result of today's news, there's a frenzy in the options pits. In the first hour of trading alone, over 63,000 options have crossed the tape so far -- six times the intraday average and volume pacing in the 99th percentile of annual readings. The most popular by far is the December 150 call, followed by the November 140 call.
With earnings in the rearview, weighing in on Disney stock with options could be a prudent play. The stock's Schaeffer's Volatility Index (SVI) of 47% stands higher than just 26% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent DIS News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 11:06:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 09:21:30 PM
- Bain Capital in Talks to Acquire PowerSchool; Blackstone Emerges Victorious in Hipgnosis Bidding War, and More News • IH Market News • 05/09/2024 11:53:19 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/08/2024 08:31:40 PM
- Bob Iger, CEO of The Walt Disney Company, to Participate in MoffettNathanson’s Media, Internet & Communications Conference • Business Wire • 05/08/2024 05:00:00 PM
- Lingering Interest Rate Uncertainty May Weigh on Wall Street • IH Market News • 05/08/2024 01:06:05 PM
- U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall • IH Market News • 05/08/2024 12:29:17 PM
- U.S. Stocks Close Little Changed But Dow Extends Winning Streak • IH Market News • 05/07/2024 08:44:00 PM
- Futures Pointing To Roughly Flat Open On Wall Street • IH Market News • 05/07/2024 01:09:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 01:01:19 PM
- U.S. Index Futures Mixed in Pre-Market Tuesday, Oil Dip • IH Market News • 05/07/2024 11:47:40 AM
- Disney Slashes Streaming Losses, UBS shoots up 9% as profit triples expectations, and More in Earnings • IH Market News • 05/07/2024 11:46:44 AM
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 10:33:09 AM
- The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2024 • Business Wire • 05/07/2024 10:30:00 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- The Walt Disney Company Executives to Discuss Fiscal Second Quarter 2024 Financial Results via Webcast • Business Wire • 04/09/2024 05:15:00 PM
- Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates • IH Market News • 04/05/2024 11:38:57 AM
- Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News • IH Market News • 04/04/2024 11:30:20 AM
- Trian Comments on Preliminary Results of Disney Annual Meeting • GlobeNewswire Inc. • 04/03/2024 05:25:04 PM
- Shareholders Vote to Elect Disney’s Full Slate of 12 Directors • Business Wire • 04/03/2024 05:24:00 PM
- Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More • IH Market News • 04/03/2024 11:12:20 AM
- Institutional Investors Express Support For Trian’s Candidates at Disney • GlobeNewswire Inc. • 04/01/2024 11:00:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM