The Walt Disney Company is an American Multinational mass media and entertainment conglomerate. Disney was founded in 1923, which is about a century ago. Disney is traded on NYSE as $DIS. As of February 2023, Disney’s market cap stood at about $197Billion. As of 2020, its total number of employees was over 200,000. After the share price of Disney reached an all-time high at $203.13 in March 2021, the value of Disney depreciated all through 2022 as price reached $84.13, which was the lowest price since March 2020.
The year 2023 seems to be bringing a bit of hope as January closed on a bullish note. The price has continued to rally in February as price reach a new high this year at $118.10, which occurred on the 9th of February. The $DIS bulls might push price higher in the coming weeks. Our analysts think the $DIS price could reach a resistance level at $140 if the rally continues. On the weekly chart, RSI indicates that price has been oversold. This could be good news for $DIS investors.
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