Here’s Who Crushed DreamWorks Stock
DreamWorks shares (NASDAQ:DWA) tumbled on the morning after the Puss in Boots produced disappointing opening-weekend box-office figures. But other prominent media stocks such as Sony (NYSE:SNE) and Disney (NYSE:DIS) were slipping as well.
“Puss in Boots” had the worst opening weekend for a DreamWorks (NASDAQ:DWA) flick since “Antz” in 1998. The DreamWorks (NASDAQ:DWA) release generated $34 million at the box office, falling short of expectations by about $10 million. A sudden snowstorm in the Northeast, Game 7 of the World Series on Friday night as well as Saturday Halloween parties could be to blame for the less than perfect performance.
“More likely, this poor performance underscores the intense rivalry among film studios for dominance in the ever-crowded animation sphere. The segment, thanks to the runaway success of such franchises as “Toy Story” and “Shrek,” is now potentially as durable as the live-action category,” according to MarketWatch.
- DreamWorks Animation SKG Inc. (NASDAQ:DWA): The shares recently traded at $18.72, down $1.4, or 6.96%. Its market capitalization is $1.56 billion. They have traded in a 52-week range of $16.50 to $37.74. Volume today was 1,949,607 shares versus a 3-month average volume of 1,155,050 shares. The company’s trailing P/E is 10.77, while trailing earnings are $1.74 per share. About the company: DreamWorks Animation SKG, Inc. develops and produces computer generated animated feature films for a broad movie-going audience. Get the most recent company news and stock data here >>
- Walt Disney Co. (NYSE:DIS): The shares recently traded at $35.18, down $1.03, or 2.84%. Its market capitalization is $65.29 billion. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 6,994,376 shares versus a 3-month average volume of 15,518,700 shares. The company’s trailing P/E is 14.92, while trailing earnings are $2.36 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.10%. About the company: The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks. Get the most recent company news and stock data here >>
- Sony Corporation (NYSE:SNE): The shares recently traded at $21.09, down $1.29, or 5.76%. Its market capitalization is $21.17 billion. They have traded in a 52-week range of $18.10 to $36.97. Volume today was 981,237 shares versus a 3-month average volume of 1,347,910 shares. The company’s trailing earnings are $-3.95 per share. About the company: SONY CORPORATION manufactures audio, home video game consoles, communications, key device and information technology products for the consumer and professional markets. The Company’s other businesses include music, pictures, computer entertainment, and online businesses. Get the most recent company news and stock data here >>