
The impressive ‘Iron Man’ opening last month caused Marvel Entertainment’s stock to jump over 10% to settle the Monday after release with a 7.5% gain. But the mediocre ‘The Incredible Hulk’ opening did quite the opposite. Marvel stock began the day with an expected drop of about 5% to quickly regain its loss during the morning. Still, it didn’t manage to end above the previous close of $36.11. Marvel Entertainment ended the day with $35.69, a 1.16% drop.
Now all this can be explained by how bearish Wall Street was on ‘Iron Man.’ Not much can impress after a $100 million opening by the underdog. Analysts expected the stock to jump mildly if ‘The Incredible Hulk’ performed above $60 million, which it obviously didn’t. And you have to keep in mind Marvel’s stock already climbed from $26 in April, to where it is today.
Now I’m not a stock expert by any means, but I’d say now is not the best time to buy Marvel Entertainment stock.
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Tags: iron man, marvel, marvel entertainment, stock, stock market, the incredible hulk, wall street
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