Disney Stock Price Drops Below $100 For First Time Since March 2020
Stock for The Walt Disney Company has dropped below $100 for the first time since March 2020, when it dropped to $85.98 immediately after Disney Parks closed due to the COVID-19 pandemic.
The stock price dropped to $100 in late May. As of 9:36 a.m. today, June 14, the stock price was $95.51.
Disney’s stock peaked last year at $201.91 on March 8, 2021, before settling around the $170-180 range between June and November. Since November, Disney’s stock has slowly slipped over time, save for a couple of short jumps in value.
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Chapek’s ongoing issues are likely weighing on the stock. It seems that the investment community doesn’t agree with the Board’s statement of support and wants a change at the top.