Statistics of Price Movements of Walt Disney Company (DIS)

The price movements of Walt Disney Company (ticker DIS) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when DIS opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after DIS had a big price move
• Table 11. Statistics of daily price changes in the 20 days after DIS moved 5% with twice the 30-day average volume

The statistics are calculated using DIS's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of DIS one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,549 trading days, 49.5% of the time (766 days), DIS closed above the previous day's closing price. 47.0% of the time (727 days), it closed below the previous day's closing price. 3.6% of the time (55 days), it did not change.

Also see: VIX price movement study.

DIS Price Change (%)	Number of Days	% of Total Sessions
14 – 15%	1	0.06%
13 – 14%	1	0.06%
11 – 12%	3	0.19%
8 – 9%	1	0.06%
7 – 8%	3	0.19%
6 – 7%	3	0.19%
5 – 6%	2	0.13%
4 – 5%	9	0.58%
3 – 4%	13	0.84%
2 – 3%	61	3.94%
1 – 2%	183	11.82%
0 – 1%	486	31.40%
0%	55	3.55%
0 – -1%	485	31.33%
-1 – -2%	154	9.95%
-2 – -3%	44	2.84%
-3 – -4%	24	1.55%
-4 – -5%	8	0.52%
-5 – -6%	4	0.26%
-6 – -7%	1	0.06%
-7 – -8%	2	0.13%
-8 – -9%	1	0.06%
-9 – -10%	3	0.19%
-12 – -13%	1	0.06%

Table 2. Statistics of DIS: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of DIS.

47.0% of the time (728 days), DIS closed above the opening price. 49.2% of the time (762 days), it closed below the opening price. 3.8% of the time (59 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	2	0.13%
6 – 7%	1	0.06%
5 – 6%	1	0.06%
4 – 5%	3	0.19%
3 – 4%	17	1.10%
2 – 3%	35	2.26%
1 – 2%	146	9.43%
0 – 1%	523	33.76%
0%	59	3.81%
0 – -1%	549	35.44%
-1 – -2%	150	9.68%
-2 – -3%	39	2.52%
-3 – -4%	14	0.90%
-4 – -5%	8	0.52%
-5 – -6%	1	0.06%
-10 – -11%	1	0.06%

Table 3. One-day performance when DIS opened 5% higher than previous close

In the past 1,549 trading days, DIS opened more than 5% higher than the previous day's closing price 10 times. Of these days, 70.0% (7 days) had closing prices above the opening price, and 30.0% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
6 – 7%	1	10.00%
3 – 4%	2	20.00%
1 – 2%	4	40.00%
-1 – -2%	1	10.00%
-3 – -4%	2	20.00%

Table 4. Closing vs. open when DIS opened 4–5% higher

On 3 days, DIS opened 4–5% higher than the previous day's closing price. Of these days, 66.7% (2 days) had closing prices above the opening price, and 33.3% (1 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	33.33%
0 – 1%	1	33.33%
-3 – -4%	1	33.33%

Table 5. Closing vs. open when DIS open 3 – 4% higher

7 times DIS opened 3 – 4% higher than the previous day's closing price. Among these days, 57.1% (4 days) closed above the opening price, 42.9% (3 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	14.29%
2 – 3%	2	28.57%
0 – 1%	1	14.29%
0 – -1%	1	14.29%
-1 – -2%	1	14.29%
-2 – -3%	1	14.29%

Table 6. Closing vs. open when DIS open 2 – 3% higher

20 times DIS opened 2 – 3% higher than the previous day's closing price. Among these days, 45.0% (9 days) closed above the opening price, 55.0% (11 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
1 – 2%	1	5.00%
0 – 1%	8	40.00%
0 – -1%	7	35.00%
-1 – -2%	2	10.00%
-2 – -3%	2	10.00%

Table 7. Closing vs. open when DIS open 1 – 2% higher

80 times DIS opened 1 – 2% higher than the previous day's closing price. Among these days, 50.0% (40 days) closed above the opening price, 50.0% (40 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	2	2.50%
2 – 3%	3	3.75%
1 – 2%	10	12.50%
0 – 1%	25	31.25%
0 – -1%	23	28.75%
-1 – -2%	9	11.25%
-2 – -3%	4	5.00%
-3 – -4%	1	1.25%
-4 – -5%	2	2.50%
-10 – -11%	1	1.25%

Table 8. Periods when DIS moved 15% or more

In this table, we track the price movements in the 20 days after DIS had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19

Table 9. Periods when DIS moved 10% or more

In this table, we track the price movements in the 20 days after DIS had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20200324	14.4%	2.7	1.7	-1.2	3.2	6.5	5.4	4.2
20201211	13.5%
20201109	11.8%	-.3	-3.0	.9	2.4	4.6	4.8	8.1
20200313	11.6%	-7.3	-7.4	-4.3	-6.0	-7.4	-2.9	1.9
20190412	11.5%	1.5	1.8	2.5	7.6	3.1	2.6	3.1
20200312	-12.9%	11.7	-3.3	-6.6	14.8	5.2	2.3	10.1

Table 9a. DIS average price changes following a 10% up day

Of the 1,549 trading days from 2015 to 2020, there were 5 days in which DIS was up more than 10%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-.7	-1.4	-.4	1.4	1.4	2.0	3.5

Table 9b. DIS average price changes following a 10% down day

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which DIS was down more than -10%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	11.7	-3.3	-6.6	14.8	5.2	2.3	10.1

Table 10. Periods when DIS moved 5% or more

In this table, we track the price movements in the 20 days after DIS had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20200324	14.4%	2.7	1.7	-1.2	3.2	6.5	5.4	4.2
20201211	13.5%
20201109	11.8%	-.3	-3.0	.9	2.4	4.6	4.8	8.1
20200313	11.6%	-7.3	-7.4	-4.3	-6.0	-7.4	-2.9	1.9
20190412	11.5%	1.5	1.8	2.5	7.6	3.1	2.6	3.1
20200805	8.7%	2.5	2.3	2.3	.1	2.4	4.8	4.7
20150204	7.6%	1.3	.6	2.9	2.5	3.7	3.2	5.0
20191113	7.3%	-1.1	-.2	-.3	1.9	1.3	-.9	-1.8
20200518	7.1%	-2.1	1.0	4.0	1.6	5.9	6.0	-1.2
20200319	6.9%	-9.4	6.1	5.1	2.1	6.6	10.1	8.9
20200310	6.8%	-5.3	-14.8	-14.8	-12.0	-13.5	-14.8	-10.7
20200406	6%	1.7	4.9	3.8	2.7	1.4	6.7	5.9
20200429	5.6%	-3.7	-10.0	-2.8	-8.3	4.1	5.0	7.8
20181226	5.4%	.7	3.6	3.6	6.5	6.2	4.9	4.5
20200318	-5%	6.9	10.5	8.6	6.9	12.1	17.7	19.4
20160115	-5.2%	.0	.1	2.5	2.0	1.3	-1.9	-3.8
20181024	-5.2%	2.3	2.8	3.2	4.9	4.6	4.9	.2
20200311	-5.3%	-13.0	-11.4	-18.5	-4.5	-5.4	-8.1	-4.0
20150820	-6%	-1.2	-.8	1.9	2.0	4.0	4.5	3.9
20200316	-7.3%	-1.6	-9.5	6.0	5.0	2.1	6.6	10.0
20200611	-7.8%	2.5	4.4	2.9	-1.1	-1.0	1.6	3.7
20200327	-8.5%	3.5	.6	5.0	8.4	7.2	6.1	4.8
20150805	-9.1%	-1.8	-2.3	-3.0	-3.7	-13.7	-7.6	-10.0
20200309	-9.4%	6.8	-1.8	-14.9	-17.8	1.0	-7.4	-10.0
20200320	-9.4%	-.3	22.5	12.4	9.2	17.6	20.4	18.7
20200312	-12.9%	11.7	-3.3	-6.6	14.8	5.2	2.3	10.1

Table 10a. DIS average price changes following a 5% up day

Of the 1,549 trading days from 2015 to 2020, there were 14 days in which DIS was up more than 5%. This table shows the average price changes over the 14 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-1.3	-.9	.1	.3	1.8	2.5	2.9

Table 10b. DIS average price changes following a 5% down day

Of the 1,549 trading days from 2015 to 2020, there were 12 days in which DIS was down more than -5%. This table shows the average price changes over the 12 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	1.3	1.0	-.1	2.2	2.9	3.2	3.6

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Also see: VIX price movement study.