Walt Disney Company (DIS) Stock Down After Price Target Increase at Citigroup Inc.

Walt Disney Company (NYSE: DIS) shares were down on Wednesday January 18 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock, raising the price target of stock.

Meanwhile, in early trade today, the S&P 500 SPX, +0.00% was off 2 points, or 0.1%, at 2,265, shortly after open. The Nasdaq Composite COMP, +0.20% was flat at 5,537. The Dow Jones Industrial Average DJIA, -0.20% slipped 54 points or 0.3%, to 19,770.

Walt Disney Company (NYSE: DIS) had its price target increased by equities researchers at Citigroup Inc. from $0.00 to $124.00. Citigroup Inc. currently has a rating of on the stock. The one-year price target of $109.59 is above the opening price of $106.93, causing a number of other analysts to comment on the stock in recent days. Looking back over the last 52 weeks, Walt Disney Company stock has a high of $109.49.

Yesterday Walt Disney Company (NYSE: DIS) shares last traded at $107.88, which is a drop of $0.09 compared to the previous closing price. Opening at $106.93, they ranged from $106.81 and $107.93 throughout the day.

Walt Disney Company (NYSE: DIS) now has a market cap of 171.69B.

Walt Disney Company (NYSE: DIS) Average Daily Trading Volume

The stock’s average daily volume is 8,374,730 shares out of a total float 1,589,360,000 and some 1,250,873 shares crossed the trading desk yesterday, 86 percent below the norm. lower than normal. Look for trading volume to pick up in the coming days as investors often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.

However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these have substantial teams of analysts researching thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.

Walt Disney Company (NYSE: DIS) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.

Trades for Walt Disney Company (NYSE: DIS) have ranged from $86.25 – 109.49, and the stock now has a 50-day MA of $104.61 and 200-day MA of $97.45. Today’s last price is 1.47%% under the 52 week high of $109.49.

Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors look for companies that have raised their earnings at least 25% or more over 3 consecutive years.

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