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Disney Stock Prediction: Strong Box Office Performance Is A Tailwind For Disney

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

In spite of a hacker threat that Disney’s latest Pirates of the Caribbean film was stolen and was held for ransom, the movie is topping U.S. and international box office charts.
Pirates of the Caribbean: Dead Men Tell No Tales’ four-day U.S. gross sales is $77 million. The global release also took in $208.4 million.
Movies are not Disney’s major revenue generators, but their success or failure usually influences the stock more than the Parks & Recreation division.
The Studio & Entertainment segment, which covers movies, delivered 28.17% growth last year. It was the best performing division of Division.
DIS has positive market trend algorithmic forecasts. They are signaling a buy for Disney’s stock.