with-disneyland-reopening,-disney-stock-can-continue-to-climb

With Disneyland Reopening, Disney Stock Can Continue to Climb

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Disney is looking forward to the day when its rides, like this carousel in Disneyland, are full again.

Photograph by Jose Mandojana

Disneyland in California reopens at the end of this month with some now-familiar pandemic compromises: 25% capacity, masks for guests, no parades or fireworks, and no high-fives from Goofy. It’s a welcome milestone for America’s recovery. The much larger Disney World in Florida has operated safely since this past summer with similar rules. The capacity cap there has been raised to 35% from 25%, and furloughed workers are trickling back.

Bob Chapek, who ran the parks business for Walt Disney (ticker: DIS) before being named…