What's Going On With Disney Stock?
Portfolio Pulse from Erica Kollmann
Walt Disney Company (NYSE:DIS) shares are trading lower, down over 27% over the last year and 3% on heavy trading volume Friday. Disney+ announced an ad-supported streaming option in select markets and an ad-free bundled subscription plan in the U.S. featuring Disney+ Premium and Hulu for $19.99 per month.
September 01, 2023 | 3:39 pm
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NEGATIVE IMPACT
Disney shares are down over 27% over the last year and 3% on heavy trading volume Friday. The company announced new streaming options.
The decline in Disney's stock price is likely due to market conditions and possibly investor reactions to the company's new streaming options. The heavy trading volume indicates a high level of investor interest, which could lead to further price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100