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Disney Breaks Out From Prior Highs in Volatile Session

Justin Kuepper

Shares of The Walt Disney Company ( DIS) rose more than 3% during Wednesday's session after moving lower in pre-market hours. The stock is reacting to AT&T Inc.'s ( T) win in its antitrust case, which paves the way for its $80 billion-plus buyout of Time Warner Inc. ( TWX) and sets a key precedent moving forward. The antitrust decision clears the way for competing bids for Twenty-First Century Fox, Inc.'s ( FOXA) media assets from Comcast Corporation ( CMCSA) and Disney.