Benzinga
Published May 18, 2022 19:47
Updated May 18, 2022 20:40
How Genius Brands Stock Looks Following Stan Lee Licensing Deal
Genius Brands International, Inc (NASDAQ: GNUS) gapped up 31% on Wednesday after the company announced it had signed a 20-year deal with Walt Disney Co’s (NYSE: NYSE:DIS) Marvel Studios.
The deal, centered around Genius Brands and POW! Entertainment’s venture Stan Lee Universe LLC, will allow Marvel Studios to license the Stan Lee name and likeness for use in films and television and for Disney’s theme parks, experiences and merchandise.
Unfortunately for bullish traders and investors, the bear market cycle underway in the general markets hampered Genius Brands’ rise and the stock had given back about 20% of its gains in afternoon trading.
Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.
The Genius Brands Chart: The sharp rise to the 93-cent mark on Wednesday negated the downtrend in which Genius Brands has been trading since March 29, as the stock printed a high above the most recent lower high of $0.749 formed on April 29. Genius Brands’ hasn’t confirmed a new uptrend yet because the stock hasn’t printed a higher low above the most recent low of 51 cents that was created on May 12.
See Also: How to Read Candlestick Charts for Beginners
Photo: Courtesy of Gage Skidmore on Flicker
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga
Read the original article on Benzinga
Written By: Benzinga
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.