Comcast’s NBCUniversal has officially acquired DreamWorks Animation, and DWA shareholders can start celebrating this morning — we know company co-founder Jeffrey Katzenberg must be.
Within the first 30 minutes of Thursday’s official U.S. stock market trading day, DreamWorks Animation rose nearly 25 percent, topping a cool $40 per share in the process. It didn’t quite make it to the $41 mark, which is what each
For those who prefer to read about their stock increases in terms of cold, hard cash — DWA jumped a few coins under 8 bucks per share at its early morning peak. Not bad, considering the stock also rose nicely yesterday, when speculation of the takeover mounted.
Here’s a 5-day snapshot of DWA trading, so TheWrap readers can appreciate its dramatic rise, which began in pre-market trading:
Comcast stock is also up today, but on a far, far less exciting scale: CMCSA shares have risen just about 21 cents apiece from yesterday’s close, or about one-third of a percentage point.
Below is a snapshot of that stock over the same 5 days — a far more volatile period. Comcast reported its first-quarter 2016 earnings on Wednesday morning, which should explain away the recent peaks and valleys.
Read about Comcast’s Q1 financials here.
