Disney's (DIS) 'Frozen' Helps Heat-Up Shares
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Disney's (NYSE: DIS) is taking a break after reaching new all-time high levels this week.
The movement could be partly attributed to an upgrade by Guggenheim on Monday. The firm liked prospects for Disney heading into 2014 and noted recent box office performance for the company with Thor 2 and Frozen.
Frozen, which was released at the end of November, is really in a league of its own. With little in the way of competition for family spending dollars at the theater this season, the film surpassed the $500 million mark on Monday, bolstered by a strong weekend which saw receipts of 28.8 million in the U.S. and Canada alone. Total gross revenue is said to be split evenly between domestic and international markets.
Shares of Disney are down about 0.1 percent Tuesday.
The movement could be partly attributed to an upgrade by Guggenheim on Monday. The firm liked prospects for Disney heading into 2014 and noted recent box office performance for the company with Thor 2 and Frozen.
Frozen, which was released at the end of November, is really in a league of its own. With little in the way of competition for family spending dollars at the theater this season, the film surpassed the $500 million mark on Monday, bolstered by a strong weekend which saw receipts of 28.8 million in the U.S. and Canada alone. Total gross revenue is said to be split evenly between domestic and international markets.
Shares of Disney are down about 0.1 percent Tuesday.
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