Disney Thrills Shareholders At Annual Meeting

Walt Disney Company

share are trading higher by $3.47 at $106.33 in Thursday's session. The company is saying all the right things at Annual Shareholder meeting. The issue has been on a tear since blowing away estimates for EPS ($1.27 vs. $1.07) and revenues ($13.39B vs. $12.87B) rallying from its February 3 close ($94.10) to $101.28 the following day. After posting three closes in that area, it quickly moved over $104.00. Another leg in the rally took the issue to its all time closing high on March 3 at $106.35. Similar to the broad market, it trimmed some or those gains before once again exploding to the upside. So far, it has been intraday resistance in the area of its all time high ($106.64) and all time closing high price ($106.35). .