Disney stock is dropping yet again. Now it is below $100 a share with a 52 week low of $95.10 at the time of writing this article.
The cause could be a number of things.
- Overall the stock market seems to be dropping which could cause it.
- Disney has also come under fire lately for their increasing prices and declining guest experience.
- Obi-Wan Kenobi on Disney+ has been met with a big opening and lack-luster reviews.
- The did get the TV rights for Cricket in India but it’s complicated and the deal could cost them subscribers in that region. Those subscribers pay far less, but they make up a large number. It could be an issue.
- Bob Chapek fired Peter Rice and that has caused controversy in Hollywood.
- News that Bob Chapek is likely to get his contract renewed soon.
- People are worried about a recession so they are cutting back. Canceling trips and extra spending. This is likely the cause of a lot of stock decline not just Disney’s.
Take your pick for a reason.
No matter what the cause is, the stock is dropping. In fact, I had to lower the 52 week low number while writing this very short article a few times already and by the time I post it will likely go lower, possibly under $95 a share.
Nevermind the low went to $94.84 as I was getting ready to post.
It’s going to be an interesting day for Disney stocks.
Pirates & Princesses (PNP) is an independent, opinionated fan-powered news blog that covers Disney and Universal Theme Parks, Themed Entertainment and related Pop Culture from a consumer's point of view. Opinions expressed by our contributors do not necessarily reflect the views of PNP, its editors, affiliates, sponsors or advertisers. PNP is an unofficial news source and has no connection to The Walt Disney Company, NBCUniversal or any other company that we may cover.