After a period of decline, stock of The Walt Disney Company rebounded today on reports of high Disney+ app downloads. At the time of writing, the stock of the media giant is up 1.6% to around $146.02 a share.
Downloads of the Disney+ app have neared 41 million after a very strong Q4, which saw more than 30 million downloads after launch on November 12, 2019. Disney+ grossed over $50 million in the first 30 days, which analysts saw as positive signs for the streaming service.
