Disney stock is sliding ever more downward. How low can it go?
The S&P 500 is at the lowest mark since March 2021 when the country was in the midst of a raging pandemic. Therefore in some ways it’s no shock that The Walt Disney Company is severally down as well. But that’s not the complete picture. Disney is now outpacing the sell-off by posting a more than 10% drop in stock value in just five days. As of publication, Disney is hovering around the $95 p share mark… something that was unthinkable a year ago.
People are now beginning to question just exactly where the bottom is for Disney. Could this stock slide affect company operations on a small scale? Is this a potential catalyst for change at Disney that many have been hoping for?
Disney stock over the year has dropped. Theme parks fund Disney+ yet 40 yr high inflation will reduce travel to WDW and DLR. During recessions TWDC parks income drops so I expect a TWDC share price noticeably below $100. #economy #inflation #TWDC pic.twitter.com/X0OSmfeppC
— Jim Shull (@JimShull) June 10, 2022
Missed the LIVE SHOW? Catch the REPLAY and SUB to RENEGADE ONLINE! Jurassic World | Top Gun | Box Office | Disney Peter Rice FIRED & Stock … https://t.co/etjF9fUJxs via @YouTube
— Valliant Renegade (@ValliantRenegad) June 13, 2022
This is a breaking news story. Should more changes occur if newsworthy significance, we will update as events happen.
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