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Disney Stock Hits Record High After Company Reports 10M Disney+ Sign-Ups – Update

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UPDATED with closing stock price, analyst comments DisneyPlus

That number, which the company ascribed in a press release to “extraordinary consumer demand,” may help explain whyafter launching early Tuesday. The glitches, which the company attributed to unexpectedly high interest that overloaded its technological infrastructure, diminished over the course of the opening day.

, meanwhile, dropped 3% to $283.11. Stock movement overall was generally modest, with the Dow rising a fraction and the S&P 500 and Nasdaq both essentially flat.'The Mandalorian' Preview Review: Is The Force Strong With New Disney+ 'Star Wars' Series? “We expect pay conversion will be a high percentage of these initial sign-ups,” Creutz wrote. “The 10 million sign-ups took the affirmative action to opt in to the service on the very first day it was available.

Another variable is the offer of a bundle, with Disney+, ESPN+ and Hulu’s basic tier. Disney has not shed any light yet on how many of the 10 million sign-ups may have opted for the bundle.

 

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