Disney Stock Price Drops Below $100 For First Time Since March 2020
Stock for The Walt Disney Company has dropped below $100 for the first time since March 2020, when it dropped to $85.98 immediately after Disney Parks closed due to the COVID-19 pandemic.
The stock price dropped to $100 in late May. As of 9:36 a.m. today, June 14, the stock price was $95.51.
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.
Chapek’s ongoing issues are likely weighing on the stock. It seems that the investment community doesn’t agree with the Board’s statement of support and wants a change at the top.