What's Going On With Disney Stock?
Portfolio Pulse from Erica Kollmann
Walt Disney Company (NYSE:DIS) shares are trading lower, down by more than 8% over the last month. The entertainment industry is facing disruption due to the SAG-AFTRA strike of actors and writers. Disney's CEO, Bob Iger, expressed concerns about the unrealistic expectations of the unions. Additionally, Disney is in a legal dispute with Governor DeSantis and the state of Florida over its self-governing control over its theme park. Disney's shares are trading on higher than average volume.
July 17, 2023 | 4:08 pm
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Disney's stock is down due to industry-wide labor issues and a legal dispute with the state of Florida. The stock is trading on higher than average volume.
The ongoing SAG-AFTRA strike is disrupting the entertainment industry, which directly impacts Disney's operations. Additionally, the legal dispute with Florida over control of its theme park adds to the company's challenges. These factors, combined with higher than average trading volume, indicate a negative short-term impact on Disney's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100