Why Genius Brands Soared 24% This Week
Yahoo! Finance
Shares of Genius Brands (NASDAQ: GNUS) rocketed 23.7% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence. Rather it was the announcement that Genius Brands signed a 20-year deal with Disney's (NYSE: DIS) Marvel Studios to license the name and likeness of comic book legend Stan Lee for use in films and television, as well as to use in Disney theme parks globally, that sent shares soaring. Genius Brands shares have eased back since.
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