The D23 Expo Ended But Disney’s Stock Is Still Down
This past weekend was the D23 Expo, and usually, the announcements for films, shows, and theme park attractions bring increased confidence in the Walt Disney Company stock, but it’s still down.
At the close of trading on Monday, Disney stock was sitting below $86.
All the announcements about upcoming Marvel and Pixar films did little to bolster confidence, even after the company had two back-to-back $1 billion+ box office releases with “Inside Out 2” and “Deadpool & Wolverine.”
Teasers for upcoming shows and films were played at the event, and some trailers were released, but these did little to boost share prices.
Image Credit: Walt Disney Studios
Entertainment announcements on Saturday night about Fortnite, theme parks, and cruise line announcements were plentiful but did not improve the stock either.
Disney announced upcoming additions to Walt Disney World and Disneyland and four new cruise ships, yet investors are not impressed.
Image: Disney...
At the close of trading on Monday, Disney stock was sitting below $86.
All the announcements about upcoming Marvel and Pixar films did little to bolster confidence, even after the company had two back-to-back $1 billion+ box office releases with “Inside Out 2” and “Deadpool & Wolverine.”
Teasers for upcoming shows and films were played at the event, and some trailers were released, but these did little to boost share prices.
Image Credit: Walt Disney Studios
Entertainment announcements on Saturday night about Fortnite, theme parks, and cruise line announcements were plentiful but did not improve the stock either.
Disney announced upcoming additions to Walt Disney World and Disneyland and four new cruise ships, yet investors are not impressed.
Image: Disney...
- 12/08/2024
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- Pirates & Princesses
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