The Walt Disney Company has been put through the wringer lately, between political controversy, lawsuits, labor strikes, and more.
©Disney | Walt Disney Company Headquarters
It’s caused a lot of uncertainty about the future of the company, causing investors to turn the pressure up on CEO Bob Iger and the board. Not only that, but Disney stock has seen its fair share of troubles over the past year, and now, it’s dropped to its lowest point since 2014.
As of the morning of October 5th, Disney stock (NYSE: DIS)prices were trading just below $80 per share at $79.24. According to data from Google Stocks, it was priced even lower at market close on October 4th at around $78.73. This is the lowest we’ve seen DIS priced in nearly 10 years — since October 2014.
It’s unclear what caused the latest drop, but the decrease does come after another recent drop following Disney’s announcement that they’d be investing $60 billion in the theme parks and cruise line over the next 10 years.
Stock prices have fluctuated over the past month, with an increase early in September followed by an overall drop in price.
And, though we have seen a few spikes here and there, ultimately, Disney stock prices have steadily been decreasing year-to-date, as you can see in the graph below. At the beginning of 2023, prices were well over $100, and as it stands now Disney is lucky if they break $80.
Disney also recently announced that the fourth quarter earnings call for Fiscal Year 2023 would be taking place on November 8th, so we’ll be learning quite a bit about the company’s finances, investor relations, and more. We often see stock prices fluctuate — whether positively or negatively — after earnings calls, so that could be the case come November as well.
Bob Iger, CEO
We’ll continue to keep an eye on Disney stock prices and more news from The Walt Disney Company, so stay tuned to DFB for more.
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The post NEWS: Disney Stock Plummets to Lowest Price in Nearly 10 Years first appeared on the disney food blog.