On a day when the S&P 500 hit a fresh record high, Disney Inc. (NYSE: DIS) gave its investors something to cheer about by hitting a multi-year high of its own. Monday’s session saw the stock print its highest level since August 2022, as it looked finally ready to break out of the multi-year range it’s been trapped in.
It’s only been a few weeks since it was testing the lower end of that range back in April, but after rallying more than 50% since then, Disney is shaping up as one of the summer’s most exciting comeback plays.
