If you’ve been watching the news over the last few months, the odds are pretty high that you may have seen Disney’s name in a number of stories.

First, Disney found itself in the news a number of times regarding Florida’s Parental Rights in Education Bill (what critics call the “Don’t Say Gay” bill). Disney ultimately issued a statement indicating that the bill never should have been passed or signed into law and its goal would be for the law to be repealed, a move that the Florida Governor said “crossed a line.”  Following that, the repeal of Disney World’s Reedy Creek Improvement District (RCID) (which allows Disney World to essentially function as its own county) was placed on the table, and ultimately a bill was passed and signed to dissolve the RCID. Following these actions, we’re seeing some changes when it comes to Disney’s stock value.

According to Fox News, Disney could have one of the worst-performing stocks of the year.

Disney stock hit an all-time high at nearly $200 per share back in March of 2021. But, things look very different today.

As of Friday, April 22nd, Disney stock closed at $118.27, but fell after hours to $117.88. This is a look at the stock values for the year to date.

You can see just how much the stock values have changed over the last year.

This fall in stock value follows the situations Disney has encountered with the “Don’t Say Gay” bill and criticisms of its actions in relation to that bill.

It also follows the more recent passage of the bill that would dissolve the Reedy Creek Improvement District, which was created back in 1967 and has given Disney a great deal of power and discretion over decision-making for the land on which it operates in Orlando. Analysts have previously said that stripping Disney World’s power could cost residents and counties.

But there could be more impacting the stock as well. Fox Business shares that “Disney is also bogged down by investors’ diminishing enthusiasm for streaming services as inflation eats into America’s pocketbooks.” Not too long ago, we saw Netflix announced that it had lost 200,000 subscribers and expects to lose millions more.

Bloomberg noted that these troubles with Netflix could cause investors to “question whether the later-arriving media companies will sign up enough customers to justify all the money they are spending on fresh programming.” Disney stock and others fell a bit during that time as well. At that point (on April 19th) Disney stock was trading at around $124.98 after hours.

Disney’s next earnings call is scheduled for May of 2022, at which point we could learn a lot more about what’s happening with the company’s financial situation. We’ll continue to look for more Disney news, so stay tuned to DFB for all the latest updates.

Lawmaker Calls Reedy Creek Vote a ‘Smokescreen’ in Tallahassee — Click Here to Read More

Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!

The post NEWS: Disney Stock Drops to its LOWEST Value for 2022 first appeared on the disney food blog.