To little surprise, investors cheered today’s transaction involving 21st Century FOX and The Walt Disney Co. by buying shares in both companies. Disney stock jumped by 2.75%, while FOX shares soared by 6.5%.
Meanwhile, it was another down session for iHeartMedia on Thursday, as Entercom rebounded with a 4% gain.
FOX’s Class A shares ended the day at $34.88, up $2.13.
Disney stock is now at $110.57, thanks to a $2.96 climb.
For iHeart, shares now sit at 61 cents — down 4 cents.
For Entercom, a recent post-merger dip on Wall Street ended, with a jump of 45 cents to $11.25.
For a complete look at today’s closing prices, please view the Wall Street Report on the homepage of RBR.com.