But while the broader stock market is on track to end the year significantly higher, just like it did in 2020, the media and entertainment sector looks to wrap it with a mix of big winners and losers and several hardly changed names, with even many gainers underperforming the broad-based S&P 500 index.
The S&P 500, which closed Wednesday at 4,788.64, tracked up 28.4 percent for the year as of the Dec. 29 market close, ahead of the final trading day of the year. In comparison, big Hollywood conglomerates, such as the Walt Disney Co. and , which both hit 52-week lows in December, saw their shares down markedly for the year-to-date period.
Lions Gate did well. All are desperate for content.
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