The Walt Disney Company Stock Drops to $100

Stock for The Walt Disney Company dropped all the way to $100.08 today, May 20, 2022. At the close of the market, it stood at $102.42. It previously closed at $103.15.

Last month, the stock hit $119, already the lowest it had been in over a year. The stock eventually dropped to $104.79, before it began to slowly rise after the company’s 2022 second quarter earnings call. Disney’s stock peaked last year at $201.91 on March 8, 2021 before settling around the $170-180 range between June and November. Since November, Disney’s stock has slowly slipped over time, save for a couple of short jumps in value.

Disney posted $19.2 billion in total revenue for Q2, with $6.7 billion from the Parks, Experiences and Products division.

It seems the second quarter results were not enough though, as the stock has begun to sink once again.

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