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 as CEO. That said, Disney’s all-time high closing price was on March 8, 2021, at $201.91.
When Bob Iger returned to the position, the stock shot back up to over $100, but later started to drop again. In May 2023, it was down to $92.28, seeing a 9% drop.
Disney’s previous 52-week low was $84.07.
The market as a whole is only down between 0.5% and 1.25% today, although other entertainment and media companies are seeing bigger drops.
For the latest Disney Parks news and info, follow WDW News Today on Twitter, Facebook, and Instagram.
The post Disney Stock Hits New 52-Week-Low appeared first on WDW News Today.