“STOOPED TO A NEW LOW” – Disney Stock Now Lowest Price Since May 2020
Stock for The Walt Disney Company has now dropped to its lowest price since May 2020. It has been dropping steadily over the past few months amid various controversies.
The stock price is currently $108.90, over $10 lower than it was a few weeks ago. In March of 2020, immediately after the parks closed due to the COVID-19 pandemic, the stock price dropped all the way to $85.98. On May 1, 2020, it was at $105.50 before steadily climbing until it began to drop again in March 2021.
In mid-April 2022, the price was sitting at $131.90, but the Florida Legislature then voted to dissolve the Reedy Creek Improvement District, which manages the land that Walt Disney World operates on, as well as provides municipal services like firefighters and waste management, with funding provided by Disney. Governor Ron DeSantis later signed the bill into law, though it will not take effect until June 2023.