Walt Disney, Exxon Mobile, and International Flavors Experience Rise in Share Prices
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In the stock market listings, the first company on the list is Walt Disney that has experienced a significant rise in its share prices. The data shows that Walt Disney has experienced a 4% rise in share prices after a lawsuit settlement with Scarlett Johansson. The company came under fire by the attorneys of the “Black Widow” superstar Scarlett Johansson, who sued Walt Disney for breach of contract. It was alleged by Johansson’s attorney that Walt Disney was in breach of the clause for the release of the movie.
Johansson had added a clause where Walt Disney had agreed it would not release the movie through the online streaming platform “Disney+”. However, Walt Disney went against the deal, and instead of going with theatrical release only, it release the movie through Disney+. Finally, Walt Disney and Scarlett Johansson have resolved the issue and the lawsuit has been settled. This has helped Walt Disney regain the sentiments of millions of fans of Scarlett Johansson.
The next company on the list is Exxon Mobil that has experienced a 3.6% rise in its share prices. The company experienced a rise in its share prices after revealing its result expectations for the third quarter of 2021 with Wall Street. Exxon Mobil has stated that it is already recording a positive rise in its sales figures for the particular quarter of 2021. The company revealed that in the particular quarter, it would be able to generate earnings all the way up to $1.5 billion. The company shared these details through the filing it submitted at the Securities and Exchange Commission for its third quarter.
Exxon Mobil has also revealed that the major reason behind the high sales figures is the spike in gas and oil prices. This has resulted in surging sales prices for the company and other oil companies as well. Following the release of its earnings report for the third quarter of 2021, the Bank of America analysts have also shared their remarks about the company. They have predicted that the third quarter of the running year may prove to be better than the third quarter of 2014.
The next company on the list is International Flavors & Fragrances that have experienced a 5.5% rise in its share prices. The rise in the share prices for the company was experienced after it announced that Andreas Fibig, the company’s chief executive officer (CEO) was going to retire from the position. The company has revealed that despite being retired, Fibig will continue looking after the operations at the company until a competent replacement has been agreed upon. The company is now aiming to bring in a new CEO and chances are that the person would be from within the company.
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