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Walt Disney shares close lower on Friday, three more Marvel series to be streamed on Disney+

During a Friday presentation at Disney’s D23 Expo in Anaheim, California, Kevin Feige, the president of Marvel Studios, said that three more series would be launched on Disney+ video streaming service. Those will be shows based on Ms. Marvel, Moon Knight and She-Hulk.

Walt Disney shares closed lower for the fourth time in the past twelve trading sessions in New York on Friday. It has also been the steepest daily loss since August 7th. The stock went down 3.24% ($4.41) to $131.67, after touching an intraday low at $131.02, or a price level not seen since May 31st ($130.78).

Shares of Walt Disney Company have risen 20.08% so far in 2019 compared with a 13.57% gain for the benchmark index, S&P 500 (SPX).

In 2018, Walt Disney’s stock went up 1.99%, thus, it again outperformed the S&P 500, which registered a 6.24% loss.

Ms. Marvel, a character having the ability to stretch and shapeshift, will be presented by Kamala Khan, the first Muslim fictional superhero created by editors Sana Amanat and Stephen Wacker, writer G. Willow Wilson and artists Adrian Alphona and Jamie McKelvie.

Marc Spector, or the cloaked avenger Moon Knight, is another fictional superhero created by writer Doug Moench and artist Don Perlin. That character reflects the concept of what would come to be if the Batman suffered a multiple personality disorder.

As for the She-Hulk fictional character, after receiving an emergency blood transfusion from her cousin Bruce Banner, Jennifer Walters acquires a milder version of the Hulk condition. As a result, she transforms into a large, powerful green-hued version of herself, but retains her intelligence and emotional control.

Marvel Studios had also announced launch dates for four TV series – ”The Falcon and the Winter Soldier”, ”Loki”, ”WandaVision”, which focuses on the characters Scarlet Witch (Wanda Maximoff) and The Vision, and ”Hawkeye”, which focuses on the adventures of Young Avenger, Kate Bishop.

Analyst stock price forecast and recommendation

According to CNN Money, the 20 analysts, offering 12-month forecasts regarding Walt Disney’s stock price, have a median target of $155.00, with a high estimate of $174.00 and a low estimate of $133.00. The median estimate represents a 17.72% upside compared to the closing price of $131.67 on August 23rd.

The same media also reported that at least 18 out of 24 surveyed investment analysts had rated Walt Disney’s stock as “Buy”, while 6 – as “Hold”.

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