Disney stockholders’ happiest place on Earth is looking at their portfolios now that the company’s stock is nearing it’s all-time high.
The company’s shares closed Tuesday at $90.09 a share, the first time that the stock had traded above $90 in more than 15 years. On Monday, shares reached $90.37, a record high for the year. Disney shares traded above $100 in the 1980’s and 90’s before a series of stock splits.
The studio entertainment side of the business is the primary driver of the excitement on Wall Street, boosting the company’s net income with a 22 percent increase in the third fiscal quarter, which ended on June 28.