Pixar Hits Record High on Upgrade

Pixar shares sky-rocketed to their highest ever level yesterday. They have had huge success after their 2-for-1 Stock Split and the release of The Incredibles om November last year, and the release of the DVD this year.

You can see Pixar’s share volume and stock rise here,

As you can see the shares jumped just after 9am on Monday,$2.29, or 4.5 percent, to $52.97 in afternoon trading on the Nasdaq stock market. You can see a detailed report of Pixar’s stocks here, thanks to the New York Stock Exchange.

At the current price, the stock is up about 23 percent so far this year. In April, Pixar approved a 2-for-1 stock split.

“Pixar, which reported better-than-expected first-quarter earnings and revenue earlier this month, has a 10-year distribution agreement with Disney that expires with the release of “Cars” next June.” says the Associated Press in this article over at MSN Money.
“The brokerage also said it believes that Pixar will ramp up its production schedule to more than one film per year, starting in 2009. “Specifically, we’ve assumed that starting in that year, Pixar will release two films per year, every other year,” Prudential said in its note, in which it also boosted its stock target price to $75 from $40. The higher price target is regardless of whether or not Pixar strikes a deal with Walt Disney Co., the brokerage added.”

Here is a look at Pixar shares and stock Price over the past year.

As you can see Pixar’s stock price has steadily increased over the past year with a jump at the release of The Incredibles and a jump in April after announcing the 2-for-1 stock split. There was also a jump in the number of shares bought in mid Novemeber also after the success of the release of The Incredibles.

Talks between Pixar and Disney may be sparked again between the two after Steve Jobs indicated last month after he hed talks with Robert Iger, the incoming chief executive of Disney