Disney stock prices dropped again today, with the price per share hitting its lowest since 2014.
Disney Stock Drops to New Low
Today, October 4, 2023, $DIS reached a new low price of $78.76 around 2:30 p.m. ET. At the time of press, the stock price has risen slightly to $79.42 per share. Disney’s stock price hasn’t been this low since February 7, 2014, when it was $75.67 per share.
Most recently, the stock saw a drop in price after The Walt Disney Company announced its plans to double spending on their theme parks and cruise line.
While it’s unclear just what could’ve caused yet another drop, notable events like the end of the WGA strike and negotiations to end the SAG-AFTRA strike could be related, as production prepares to resume in Hollywood on film and television projects.
Disney is set to hold its next earnings call on November 8, in which the company will discuss the full year and fourth quarter 2023 financial results, so it’s possible we could hear more related to this stock price drops on that call.
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