Millennials are snapping up Disney ahead of earnings (DIS)


Disney’s proposed $ 71.3 billion acquisition of 21st Century Fox is sure to be the focus of Tuesday’s earnings report from the entertainment giant — and millennial investors seem to be optimistic.

Ahead of the company’s third-quarter earnings numbers after the closing bell, investors on the stock-trading app Robinhood who owned Disney totaled 65,744. That’s up more than 2.5% since July 2, when 64,137 held the stock, and well outside its usual weekly moving average of 600 since Business Insider first began tracking the data in late-June.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of and Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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