What's Going On With Walt Disney Stock?
Portfolio Pulse from Erica Kollmann
Walt Disney Company (NYSE:DIS) shares are trading lower as investors await the outcome of a vote on the tentative agreement between production studios and the Writers Guild of America. The ongoing writers' strike has led to a complete shutdown in production of new content and significant profit losses for Disney. The company's shares have declined by more than 8% over the last three months and are down over 18% over the last year.
September 26, 2023 | 4:59 pm
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NEGATIVE IMPACT
The ongoing writers' strike has negatively impacted Disney's production and profits, leading to a decline in its share price. The outcome of the Writers Guild vote could potentially influence the company's short-term stock performance.
The writers' strike has led to a halt in production and significant profit losses for Disney, which has negatively impacted its stock price. The outcome of the Writers Guild vote is being closely watched by investors as it could potentially end the strike and allow Disney to resume production, which could influence its short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100