Disney shares are trading lower as Floridians experience evacuation orders as Category 5 Hurricane Milton approaches the state. The region is still recovering from damage due to Hurricane Helene.
Portfolio Pulse from Benzinga Newsdesk
Disney shares are declining as Florida faces evacuation orders due to the approaching Category 5 Hurricane Milton. The state is still recovering from previous hurricane damage.
October 07, 2024 | 5:15 pm
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Disney shares are trading lower as Florida faces evacuation orders due to Hurricane Milton, a Category 5 storm. The ongoing recovery from Hurricane Helene adds to the challenges.
Disney's operations in Florida, including theme parks, are likely to be impacted by the evacuation orders and potential damage from Hurricane Milton. The ongoing recovery from Hurricane Helene exacerbates the situation, leading to a negative short-term impact on Disney's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80