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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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
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