Disney Stocks End 2013 at All-Time Record High

The Walt Disney Company ended 2013 with shares of the company's stock trading at record levels.

In the past year, Disney's stock has gained more than 51 percent over the previous year. On December 30, 2013 shares rose more than 2.5 percent in early trading and by mid-day it was close to $76.29.

Reports say the end-of-the-year gain was prompted by a report stating that Guggenheim, a financial analyst firm, raised the target price for Disney stock to $87 (an increase of $10). The increase was due to the strong performance of Marvel's Thor: The Dark World and the animated hit Frozen.

Both films have been performing beyond expectations. Frozen recently broke the $500 million mark and Thor: The Dark World has earned nearly $630 million.

Disney's theme park revenue is expected to be nearly $15.7 billion in 2014 and even higher in 2015.


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