Theme parks around the globe have taken on serious losses in 2020 due to the coronavirus pandemic. However, despite suffering serious losses in 2020, Disney stocks have begun to rise again. In fact, shares of Disney were up almost 12 percent last Monday. Konstantin Lichtenwald recently discussed this jump and what it means for the theme park industry.

“This rise can partially be attributed to BioNTech and Pfizer reporting positive vaccine results to combat the COVID-19 pandemic,” Konstantin Lichtenwald of Vancouver said . “This news has pushed investors back toward tourism-related stocks.”

Konstantin Lichtenwald of Vancouver explained that a possible vaccine for the virus could mean that people will resume traveling, attending theme parks, and pursuing other types of entertainment soon. For months, investors have been choosing technology stocks over-tourism stocks, as people around the globe have been inside their houses using their phones, computers, and other tech items for entertainment. …


Konstantin Lichtenwald

Konstantin Lichtenwald has over 15 years of finance and accounting experience, including corporate compliance, accounting and financial management,

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