Disney Stock Price Drops Below $100 For Second Time in 2022
For the second time this year, stock for The Walt Disney Company ($DIS) has closed at under $100 per share.
The stock price dropped to $100 in late May. In June, it dropped to $95.51. As of 4:38 p.m. today, November 8, the stock price was $99.90. This price is near the 52-week low of $90.23. It is also approaching the 5-year low of $85.98 which occurred in March 2020
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 2021, Disney’s stock has slowly slipped over time, save for a couple of short jumps in value.
Disney stock is grossly underperforming compared to the stock market overall. $DIS is down 43% year over year, while the S&P 500 is only down 18%.