Disney up 3% now after blockbuster rollout from 'Jungle Book'
Disney stock is still riding high today, +3%, after a triumph at the weekend box office with a re-imagining of The Jungle Book.
The film crested $103M to easily surpass another debut, Barbershop: The Next Cut, which took the No. 2 spot with $20.2M. The Jungle Book (which opened slightly ahead overseas) added $189.9M in a foreign take to make an impressive worldwide total of $293.5M.
Earlier, Pivotal Research upgraded Disney to Buy and gave a 17% boost to its price target for the stock. ...
Now that Diz Co's board of directors has nixed Robert Iger's heir apparent Thomas Staggs, and the man will now be walking off into that bright, Hollywood sunset, what are the odds that Bob Iger will be staying on past 2018? I would say ... ahm ... quite good.
Because, as the smart money says: "If it's not broken or even squeaking very much, don't freaking fix it!!"