Like many companies around the world, The Walt Disney Company has had a challenging past few years as it works through recovery after the impacts of the COVID-19 pandemic.
Several factors have prompted a quick recovery for Disney, including the launch of a new cruise ship, high demand for the parks, and a few successful film releases. However, despite the good news, Disney’s stock value has been less than stable. And during the company’s most recent earnings call, the stock value dropped to one of its lowest lows this year.
In mid-June of this year, Disney’s stock prices fell to $93.29 per share, which was the lowest price since March 2020, when most of the theme parks were closed. This was the first time in 2022 that the market closed with Disney stocks trading under $100 per share.
We saw that number dip again in late September when stocks fell to $94.33 per share. The price then increased above $100 briefly before falling below that mark once again in late October.
Although the last few days have shown promise with price-per-share over $100, Disney’s stock dropped in price once again during the company’s fourth-quarter earnings call, trading at $99.90 per share.
Looking at the stock values from the beginning of 2022 to now, you can see some big changes. The stock hit values in the $150s earlier in the year, dropped to the low 90s in July, picked up again in August, and slipped once again in the fall.
Part of the reason for the drop in the stock price could have been some unmet expectations for the fourth-quarter earnings report. Disney reported that the company lost almost $65 million as a result of Hurricane Ian in Florida, and some other areas may not have seen as much growth as expected.
We’ll continue to watch for more updates from Disney and bring you all the latest news, so stay tuned to DFB.
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
What do you think of Disney’s recent earnings report? Let us know in the comments.