It’s been a rough day on the stock market, and Disney was already taking a beating.
Then Bob Iger suddenly announced he was stepping down as Disney CEO, which dropped the Disney stock even lower.
From The Wrap…
During the regular U.S. trading day, Disney stock (DIS) dropped almost $5 per share, or nearly 4%, to close at $128.19 per share. Disney announced Iger’s plans at 4 p.m. ET, just as the market closed. Following a call with Disney executives soon after the announcement, Disney’s share price dipped another few bucks in after-hours trading.
Well, maybe it’s best to just rip the Band-Aid off an get it all over with?
Here you can see the dropoff for yourself.
We’ll keep you posted on the situation with Bob Iger’s transition and Disney stock as more news is made available.
[Source: The Wrap]
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