If You Invested $1,000 In Disney Stock When DeSantis Became Governor, You'd Have This Much Now
Portfolio Pulse from Chris Katje
Disney's stock performance has been negatively impacted during Florida Governor Ron DeSantis's time in office, with a $1,000 investment in 2019 now worth $777. The ongoing conflict between Disney and DeSantis, including the recent stripping of Disney's self-governing powers in Orlando, has contributed to the stock's decline.
May 31, 2023 | 6:02 pm
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Disney's stock has declined during Florida Governor Ron DeSantis's time in office, with a $1,000 investment in 2019 now worth $777. The ongoing conflict between Disney and DeSantis has contributed to the stock's decline.
The ongoing conflict between Disney and Florida Governor Ron DeSantis has negatively impacted Disney's stock performance. DeSantis stripped Disney of its self-governing powers in Orlando, leading to lawsuits and uncertainty for the company. This has contributed to the stock's decline, with a $1,000 investment in 2019 now worth $777.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
For comparison, a $1,000 investment in the SPDR S&P 500 Global ETF Trust (NYSE:SPY) would have returned 62.1% for investors over the same time period as Disney's decline.
The SPDR S&P 500 Global ETF Trust (NYSE:SPY) has performed well over the same time period as Disney's decline, returning 62.1% for investors. This demonstrates that the broader market has been performing well, while Disney's stock has been negatively impacted by the ongoing conflict with Florida Governor Ron DeSantis.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 50