BUZZ-Disney stock rises as Kimmel monologue racks up social media views
Walt Disneyshares rose 1.1% following Jimmy Kimmel's return to late-night television after a suspension due to political remarks. Kimmel's monologue garnered nearly 19 million views on social media, although ABC affiliates in major markets did not air the show due to backlash. DIS stock is up about 2% year-to-date, underperforming the S&P 500's 13% increase, and is currently trading at a forward PE of 17, significantly below its 5-year average of 27.
Walt Disney (DIS.N) shares rising 1.1% after co returns Jimmy Kimmel to late-night television, ending his suspension following controversy over political remarks Kimmel’s return monologue on Tues night draws nearly 19 mln views on YouTube and Instagram by early Wed afternoon, but ABC affiliates in major markets did not air show due to ongoing backlash
DIS was also under pressure from Kimmel’s fans, some of whom canceled subscriptions to co’s streaming services Disney+ and Hulu Following Kimmel’s remarks last week, U.S. Federal Communications Commission Chairman Brendan Carr threatened an investigation of ABC DIS stock up about 2% YTD, lagging S&P 500 (.SPX) , which is up 13% DIS recently traded at 17x expected earnings, well below 5-yr avg forward PE of 27
