Disney Stock Hits New Low: Now What?
06 Dezember 2021 - 10:55AM
TipRanks
Walt Disney (DIS) stock remains under pressure, eroding
shareholders’ wealth. To be precise, Disney stock has lost nearly
19.3% in value on a year-to-date basis (compared to 18.8% growth in
the Nasdaq composite index) and is trading near a 52-week
low of $142.04. A confluence of factors, including overall selling
in the broader markets, a new variant of the resurgent coronavirus,
pressure on margins, and a moderation in the paid subscribers
growth rate, have weighed on Disney stock. It’s worth noting
that Disney managed to acquire 2.1 million paid subscribers for
Disney+ on a quarter-over-quarter basis in Q4. In comparison,
Disney added 12.4 million subscribers on a sequential basis in
Q3.
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