Despite their incredible numbers from the Q4 and 2022 earnings report, Disney’s stock price took a hit again for the second time in 2022.
Just yesterday, the Walt Disney Company released its earnings report from this past quarter and its 2022 fiscal year, which ended on October 1. Disney CEO Bob Chapek even said, “2022 was a strong year for Disney, with some of [their] best storytelling, record results at [the] Parks, Experiences and Products segment, and outstanding subscriber growth at [their] direct-to-consumer services.”
But while these numbers appear to be showing much cause for celebration on the part of the Mouse House, not all is quite well. Despite the incredible numbers revealed in the Q4 earnings report, the Walt Disney Company appears to still be struggling with Wall Street.
For the second time this year, the stock price for The Walt Disney Company ($DIS) has closed at under $100 per share. As of publishing this article, the Walt Disney stock price has dropped to $87.34. This marks the second time the price has fallen under $100 this year.
Earlier this year, when Disney’s stock price dropped, it had been attributed to the criticism the Walt Disney Company faced for its decision regarding Florida’s Parental Rights Bill. The Company found itself at the center of a tense situation regarding Florida’s controversial bill when it came to light that it had funded backers of the bill, known by opposers as the “Don’t Say Gay” bill. Fans insisted this was hypocritical on the part of the Mouse House, considering the Walt Disney Company preached inclusivity and progressiveness.
This current price has now surpassed the 52-week low of $90.23. It also closes in on the 5-year low of $85.98, which occurred in March 2020 during the start of the COVID-19 pandemic.
We at Disney Fanatic will continue to report on all the latest news from Disney as it comes to light.