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Disney pledges $5 million to support nonprofits advancing social justice - MarketWatch

Disney pledges $5 million to support nonprofits advancing social justice - MarketWatch

Disney pledges $5 million to support nonprofits advancing social justice - MarketWatch
Jun 03, 2020 50 secs

The Walt Disney Company.

has pledged $5 million to support nonprofit organizations that advance social justice, beginning with a $2 million donation to the NAACP, the company said Wednesday.

Disney shares are down 16% this year, while the broader S&P 500 index.

Volume shot up to 166.4 million shares, well above the full-day average of 31.2 million, and enough to make the stock the most actively traded on major U.S.

After Friday's close, the company disclosed that it regained compliance with the Nasdaq's minimum bid price listing standard, and on Thursday the company disclosed a registered direct offering of 20 million shares of common stock to the public at a price of $1.50 to raise $30 million.

That came less than two weeks after the company announced a registered direct offering of 7.5 million shares at $1.20 a share to raise $9 million.

Separately, the latest data from Nasdaq showed that short interest, or bearish bets on Genius Brands' stock, jumped to a record of about 3.07 million shares according to FactSet, representing 7.5% of the public float.

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