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 ...
Minnie too
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