NEWS: Disney Stocks Have Officially Hit A 9-Year LOW

The Walt Disney Company has seemed to take hit after hit recently, and many fans and stakeholders believe that the company might not be able to redirect this downward spiral.

Disney World

Based on fiscal earnings reports over the past couple of years as well as stock market stats, it’s evident that Disney has experienced an overall loss of revenue and value as a whole. In November of 2022, Disney announced that former CEO Bob Iger would return and replace Bob Chapek in hopes of straightening out the financial losses. However, we’re not so sure things are on the up and up just yet, nearly a year later.

As of October 4th, 2023, Disney stocks have dropped to the lowest price since 2014. Around 2:30 PM EST, the company’s stocks hit $78.76. Throughout the day, the price rose slightly to $79.42.

Disney World

This is the LOWEST price we’ve seen for Disney’s stock shares since February 7th, 2014, when shares were priced at $75.67.

Mickey Mouse

So… what could have caused this drop? This happened after Disney shared plans to increase spending on park and Disney Cruise Line experiences. Further, the recent WGA and SAG-AFTRA strikes could have played an important role, as the strikes recently ended and television and film production are set to resume.

©SAG-AFTRA

We’re interested to tune in and learn more on the fourth quarter earnings call for 2023 on November 8th.

©Disney

The good news is… now might be a great time to invest in the company if you believe that things will turn themselves around! We’ll be sure to keep you all updated with more news as we have it, so make sure to follow along for more so that you’re always in the loop.