Investors Get Goofy In Disney Over Q2 Beat And Grumpy Settles Them Down

'' Walt Disney

shares are trading higher $0.76 at $111.76 in Tuesday's session. The catalyst for the rally to new all time times is Q2 for EPS ($1.23 vs. Est. $1.11) and for revenue ($12.46B vs. $12.25B). This marks the twelfth time the company has beat for EPS going back to December 2012. Over that course of time, it has rallied from $37.50 to it current price. In today's session, investors got a little bit goofy taking the issue rallying to $114.77 in premarket trading off the solid bat. After reaching that elevated level, profit takers began to come in. During the regular session, the issue opened at $113.27 and rallied only $0.03 before reversing course. So far, it has declined to $110.62 before rebounding to nearly $112. In order to post a new all time closing high, it would need to close above $111.03.