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Disney shares cooled off after a hot start to the week, dipping about 1.6% today to close the trading session at $149.08. Even with the slight retreat, though, the stock has fully recovered to pre-Covid-19 levels in a remarkable comeback that has a chance of continuing through the holiday season. The eyes of Wall Stree…

Stocks in U.S. movie theater circuits AMC and Cinemark staged rallies today after more positive COVID-19 vaccine news as well as a new financial lifeline for Cineworld. The UK-based Cineworld, parent of Regal Cinemas, said it secured a $450 million credit facility and an overall infusion of $750 million. On the…

Stocks took another major hit Thursday but clawed back some losses in crazy trading as a big investment bank predicted profit growth would be all but wiped out this year by the coronavirus and a report indicated the International Monetary Fund may downgrade its forecast for global growth. Goldman Sachs chief U.S…

Netflix has shrugged of glamorous debut numbers for Disney+ – or at least its stock has – an indication that streaming isn't a zero sum game and first-mover advantage does not evaporate overnight. Shares of Netflix were slightly up in early trading, then dipped, but movement was basically "a non-event" said Raymond…

UPDATED with closing price. After MoviePass this morning announced drastic changes to its service, including a hike in its monthly subscription price from $10 to $15 and the exclusion of some major movies from the service, investors have pounced. The already-bloodied and battered shares in its parent company, Helios…

UPDATED with closing price. CBS shares fell 5% today as investors weighed the potential consequences of a damning New Yorker magazine article detailing allegations of sexual assault by CEO Leslie Moonves. The stock ended the session at $51.28 a share on five times the normal trading volume. It has been on an…

UPDATE with closing price. Facebook stock fell 19% to $176.26 today, wiping out some $120 billion in wealth less than 24 hours after shares had hit a record high. The dollar value of the loss was the largest ever by a publicly traded company in the U.S. Investors lashed out at the stock after digesting the company’s…

A day after MoviePass parent Helios & Matheson expressed confidence that a shareholder rescue plan would enable the subscription ticketing service to continue its disruptive ways, Wall Street weighed in otherwise. One of the new measures — a 1-to-250 reverse stock split, which dramatically reduced the number of shares…

Citing data from its own polling of consumers as well as its financial analysis, UBS issued a downgrade of Netflix stock to “neutral” from “buy.” In a research report issued after the close of trading, the Wall Street investment firm said the streaming service’s stock, which closed today at $418.65, is simply…

As it continues to experience financial convulsions, with investors and film business executives questioning its long-term survival, MoviePass has responded to the crisis in bold fashion: It is now selling merch. The subscription movie ticketing service, which is owned by Helios & Matheson Analytics, has just opened…

UPDATED with closing price. Shares in MoviePass majority owner Helios & Matheson Analytics have plunged 40% today, wiping out gains from earlier this week. The stock, which recovered somewhat from its intraday low of $2.12, closed at $2.55, down 33% for the day. It has been on a wild ride over the past few months…

Shares in Snapchat parent Snap Inc. tumbled today after pop star Rihanna ripped an ad on the platform for trivializing domestic abuse. The company’s stock closed at $17.20, down nearly 4% for the day. It has experienced volatility lately after a new version of the social media platform met with customer protests. The…