When Galaxy’s Edge at Disneyland opened May 31st, 2019, Disney’s stock price was at $132. After 6 months of a global pandemic, Disney’s stock price is now at $133 (as of this writing).
While the Walt Disney Company delivers magic to families around the world every day, at the end of the day it’s still a business. The rising stock price is unfortunately due in part to the layoffs & spending cuts, as cruel as that can sound. Shareholders see these things as smart business moves during a time like this.
Not everything backing the rising stock price is doom & gloom though. Disney+ Subscription numbers have been steadily rising and a bright spot for Disney, which has become a strong & reliable new source of revenue.