The Walt Disney Company stock dropped to a new 52-week-low this morning, hitting $83.02, down more than 3%. If Disney closes below $84.17, today will be its lowest closing since October 17, 2014. Disney stock has dropped significantly over the past few years, especially during the height of the COVID-19 pandemic and Bob Chapek’s tenure … Read more
Though The Walt Disney Company’s stock price rose over $100 immediately after the reinstatement of Bob Iger as CEO, it has not remained steady since then. It began dropping in early December, but a month later, it has risen back up to over $92. Only a week ago, Disney stock closed at $84.16, the lowest … Read more
Though stock for The Walt Disney Company jumped to over $100 when Bob Iger took back the position of CEO, it is now dropping once again. Disney stock is already lower than it was on Chapek’s last day when it closed at $91.80. It closed at $84.16 yesterday, December 28, the lowest it’s been since … Read more
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 … Read more
Stock for The Walt Disney Company dropped all the way to $100.08 today, May 20, 2022. At the close of the market, it stood at $102.42. It previously closed at $103.15. Last month, the stock hit $119, already the lowest it had been in over a year. The stock eventually dropped to $104.79, before it … Read more
Stock for The Walt Disney Company has now dropped to its lowest price since May 2020. It has been dropping steadily over the past few months amid various controversies. The stock price is currently $108.90, over $10 lower than it was a few weeks ago. In March of 2020, immediately after the parks closed due … Read more
After Netflix announced disappointing subscriber numbers, its stock dropped 21.79% to 397.50 today. As a result, other streaming competitors have also had losses, including The Walt Disney Company. The change comes as a result of shaken confidence in the streaming industry after Netflix failed to reach subscriber growth benchmarks. Investors are nervous, even though Disney … Read more
Disney+ has steadily grown since its public premier nine months ago. Today, Disney+ has over 60.5 million global subscribers, totaling over 100 million streaming paid subscribers across Disney streaming services. After announcing this major milestone, which Disney originally projected it would meet by the year 2024, shares of Disney stock jumped 10%. This success comes … Read more
With Disney’s parks and resorts shuttered across the globe due to the ongoing COVID-19 pandemic, and movie theaters across the nation sharing a similar fate, the conglomerate’s revenue has been severely compromised, giving temporary leeway for companies like Netflix, which are focused on “stay-at-home” products like video streaming, to gain a financial advantage. In fact, just … Read more