If You Invested $1,000 In Disney Stock When Ron DeSantis Became Governor, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
The Walt Disney Company's (NYSE:DIS) stock performance has been impacted by Florida Governor Ron DeSantis's actions and policies. DeSantis revoked Disney's autonomous privileges over its Orlando, Florida region and enacted a bill removing Disney's unique authorities. This has led to a series of lawsuits. An investment of $1,000 in Disney stock when DeSantis took office in 2019 would be worth $764.48 today, a decrease of 23.6%. In comparison, a $1,000 investment in the SPDR S&P 500 Global ETF Trust (NYSE:SPY) would have increased by 85.8% over the same period.
August 23, 2023 | 8:05 pm
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NEGATIVE IMPACT
Disney's stock has been negatively impacted by Florida Governor Ron DeSantis's policies, with a $1,000 investment in 2019 now worth $764.48, a decrease of 23.6%.
The revocation of Disney's autonomous privileges over its Orlando region and the enactment of a bill removing Disney's unique authorities by Governor DeSantis have led to a series of lawsuits and negatively impacted Disney's stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 Global ETF Trust (NYSE:SPY) has performed well over the same period, with a $1,000 investment in 2019 now worth $1,857.51, an increase of 85.8%.
The SPDR S&P 500 Global ETF Trust (NYSE:SPY) has shown strong performance over the past few years, significantly outperforming Disney's stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50