Disney Stock Continues To Fade Alongside Battle With DeSantis, Economic Worries
Portfolio Pulse from Melanie Schaffer
Walt Disney Co (NYSE:DIS) stock continues to fall, down 32% since February 9, due to ongoing legal battles initiated by Florida Gov. Ron DeSantis and economic worries following last week's Federal Reserve meeting. The stock has been in a consistent downtrend since May 10. The most recent lower high within its downtrend was formed at $83.67 and the most recent confirmed lower low was at the $81.64 mark. If the stock falls below $79.75, it will print a new three-year low.
September 26, 2023 | 7:21 pm
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Disney's stock is in a consistent downtrend due to ongoing legal battles and economic worries. If it falls below $79.75, it will hit a new three-year low.
The ongoing legal battles initiated by Florida Gov. Ron DeSantis and the economic worries following last week's Federal Reserve meeting have negatively impacted Disney's stock. The stock has been in a consistent downtrend since May 10 and if it falls below $79.75, it will hit a new three-year low. This indicates a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100