Walt Disney and Charter Communications Stock Are Trading Higher Monday - What's Going On?
Portfolio Pulse from Anusuya Lahiri
Walt Disney Co (NYSE:DIS) and Charter Communications, Inc (NASDAQ:CHTR) stocks rose on Monday amid reports of the companies nearing a carriage deal that could end a cable blackout. The dispute, which began in August, left millions of customers without Disney TV channels, including ESPN, FX, and Disney Channel. DIS shares traded higher by 2.53% at $83.62, and CHTR shares traded higher by 3.16% at $435.76.
September 11, 2023 | 2:44 pm
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POSITIVE IMPACT
Charter Communications' stock rose by 3.16% amid reports of nearing a carriage deal with Disney.
The potential resolution of the dispute with Disney could restore popular channels to Charter's cable customers, which could positively impact Charter's customer satisfaction and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Disney's stock rose by 2.53% amid reports of nearing a carriage deal with Charter Communications.
The potential resolution of the dispute with Charter Communications could restore Disney's channels to millions of customers, which could positively impact Disney's revenues and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100