How Disney Could Weather the ‘Temporary Storm’ From Coronavirus

Even after Friday’s stock jump, Disney shareholders have had a month to forget; will the company’s slide continue?

Friday offered a brief respite for Disney shareholders after the company has been rocked by the double whammy of longtime CEO Bob Iger stepping down, and, more recently, the pain inflected on its parks, box office and TV businesses by the coronavirus pandemic.

By the time markets closed on Friday, Disney shares were up 11.7%, to $102. That jump coincided with a healthy overall Wall Street bounce on Friday — and followed a brutal recent stretch for the company. Even after its Friday boost, Disney stock is still 11% below where it closed last week and even further away from the $140 per share price where it was trading a month ago.

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Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44