Investors in Club holding Disney appear to have been encouraged by streaming competitor Netflix 's better-than-expected third-quarter results Wednesday — a sentiment that's not misguided, but requires some context. Disney shares were outperforming the broader market Wednesday, rising about 0.7%, to roughly $99 per share, while the S & P 500 lost 0.8% in midday trading.
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022.