Pixar Stock Hits Record High on Anticipated Production Increase
Pixar Animation Studios Inc. shares rallied to their highest-ever level on Monday, May 23, 2005, lifted by positive broker's comments about anticipated higher box office sales and expectations of a rise in the number of feature films produced.
Shares of Pixar jumped $2.29, or 4.5%, to $52.97 in afternoon trading on the Nasdaq stock market. At the current price, the stock is up about 23% so far this year. In April, Pixar approved a 2-for-1 stock split.