Posted on 04/22/2022 2:30:56 PM PDT by Morgana
Disney stocks continue its sharp decline as the company is set to rank among the worst-performing stocks in 2022.
On Friday Disney opened at $120.04 per share, down nearly a dollar from yesterday when it closed at $121.66 after it had opened at $125.50 per share.
The media conglomerate is continuing its free fall as experts reported the company was the worst-performing Dow Jones stock of the year, plummeting 31 percent over the last year, Operation Sunlight reported.
Compared to the 30 companies that make up the Dow Jones, Disney's stock has seen the sharpest decline with 31 percent, followed by industry goods company 3M, which is down 25 percent, and home goods company Home Depot, down 23 percent over the last year.
Its a stark difference from a little over a year ago when Disney's stock was at an all-time high, trading at nearly $200 per share in March 2021, but when the markets closed on Thursday the stock was trading at $121 per share, a dramatic 33 percent decrease.
Disney's financial meltdown comes in the midst of its ongoing war with Governor Ron DeSantis, which started when Disney bosses opposed the so-called 'Don't Say Gay' bill and enraged the governor for weighing into politics.
The bill bans any discussion pertaining to 'sexual orientation' or 'gender identity' in Florida schools for students in kindergarten through third grade.
It will become law on July 1, and teachers who breach its regulations can be sued by parents.
(Excerpt) Read more at dailymail.co.uk ...
Good time to buy?
Good! I was hoping for that, plus a 90% drop in attendance at Disney World.
-35.29 at close today, 12 month return.
Let SJW NPCs turn the company into a vocal political propaganda and lobbying group ... prosper!
Hah hah hah! He's the guy that created the toxic culture of SJW activists in key positions of power and turned that over to the new guy - who has stated and shown he wants to avoid politics from Disney - to get consumed by.
Sure, he'll fix it. By doubling down, no doubt.
Millennials over at Reddit are supporting Disney’s “woke” stand, while an equal number of Millennials are blasting Disney for alienating half its customers. In addition, the dopey communist Millennials are getting blasted for supporting tax breaks for corporations and don’t know how to respond. Hello, cognitive dissonance.
The cultural war has finally hit Millennial Reddit, and we have established a strong beachhead.
That’s called chasing their tails and they do a lot of it. 🤪
Entertaining at first but ultimately pathetic
“””Good time to buy?”””
You better check Disney’s price/earnings ratio. At $50 I might consider being a buyer.
This year: Netflix approx 600 to 258.
I’d say they want to go bankrupt...take the money and run. No one will buy it. The concept has seen its’ day.
Get woke...go broke!
I feel bad for the faceless, hard workers of the park just trying to make a living, doing crap jobs and being looked down on by everyone. They will be impacted by this.
That said, i hope the rest rot.
The faceless should be more careful for whom they work hard on their next job.
Has Disney started selling kiddie porn yet? It’s supposedly quite profitable.
Lets rescind MLBs antitrust exemption.
Disney groomers need to get off the welfare train and pay their share.
mickey the rat...
What’s shocking is the business has enough challenges without creating a fight over this long-standing agreement. Foolish move and it’s costing them. Tough lesson.
That fact alone should get the current management team fired, politically Disney is huge in the State of Florida, but somehow they managed to throw it all away for political correctness.
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