Why Webtoon Entertainment Stock Soared More Than 40% Today

Shares of Webtoon Entertainment (NASDAQ: WBTN) skyrocketed on Tuesday, peaking with a 42.5% one-day gain just after noon ET. The company just expanded its partnership with Walt Disney (NYSE: DIS), significantly boosting the business value of the Webtoon digital comics platform.Image source: Getty Images.About a month ago, on Aug. 12, Webtoon struck up an agreement with the House of Mouse. That deal involved about 100 hand-picked comics from the worlds of Star Wars, Spider-Man, Avengers, Alien, and the core Disney storytelling brand. Investors were quick to embrace that announcement, which is easy to find on Webtoon's three-month stock chart.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool