The Walt Disney Company has been put through the wringer lately, between political controversy, lawsuits, labor strikes, and more.
©Disney | Walt Disney Company Headquarters
It’s caused a lot of uncertainty about the future of the company, causing investors to turn the pressure up on CEO Bob Iger and the board. Not only that, but Disney stock has seen its fair share of troubles over the past year, and now, it’s dropped to its lowest point since 2014.
As of the morning of October 5th, Disney stock (NYSE: DIS)prices were trading just below $80 per share at $79.24. According to data from Google Stocks, it was priced even lower at market close on October 4th at around $78.73. This is the lowest we’ve seen DIS priced in nearly 10 years — since October 2014.
It’s unclear what caused the latest drop, but the decrease does come after another recent drop following Disney’s announcement that they’d be investing $60 billion in the theme parks and cruise line over the next 10 years.
Stock prices have fluctuated over the past month, with an increase early in September followed by an overall drop in price.
And, though we have seen a few spikes here and there, ultimately, Disney stock prices have steadily been decreasing year-to-date, as you can see in the graph below. At the beginning of 2023, prices were well over $100, and as it stands now Disney is lucky if they break $80.
Disney also recently announced that the fourth quarter earnings call for Fiscal Year 2023 would be taking place on November 8th, so we’ll be learning quite a bit about the company’s finances, investor relations, and more. We often see stock prices fluctuate — whether positively or negatively — after earnings calls, so that could be the case come November as well.
Bob Iger, CEO
We’ll continue to keep an eye on Disney stock prices and more news from The Walt Disney Company, so stay tuned to DFB for more.
Analyst Issues Big Warning About the Future of Disney
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If DIsney had stayed in their lane, the company would not have been in this situation. They would still be Reedy Creek and enjoying being tax free. Chapek was a failure for listening to a screaming minority group.
Before Bob Iger retired, his successor had no concern for the Company. His personal ideas became the company’s problem. I believe in Disney and hope Bob Iger can right the ship. I have no future plans to sell my stock , but will consider investing more. The only advice I have for Bob Iger, go back to basics ,you have a great product. Thank you,REH
Disneys problems do not stem solely from their standing up for their cast members against DeSantis’ Don’t Say Gay laws. Disney has not been kind to their guests for too many years.
The pandemic is not fully to blame for what Disney has taken away from their guests. I was a loyal guest for fifty years. No more. We have switched our loyalty to Universal and have not looked back. We saved a lot of money on bigger and better accommodations than we could have afforded at Disney.
I sincerely hope Disney gets their act together but I don’t see that happening in my lifetime. There’s removed talk of Apple buying Disney. Not saying they’re true, but one never knows these days.
Unfortunately, I feel that Disney has “jumped the Shark” and “flown too close to the Sun” when it comes to providing their guests with an experience that was affordable. They have several key issues that need to be fixed starting with prices. Everything is over prices, park tickets, food, trinkets, you name it. Disney used to be a great guest experience, and the price did not matter, but now, everyone is looking to save due to the Biden Effect. Beyond fixing the pricing concerns, the food is not that good either and way over priced, the movies are not doing well at the box office and the new attractions pale in comparison with the older attractions. The imagineers have lost their way… Moana, Harmonious, Guardians, Pandora, Frozen all pale in comparison to the Universe of Energy, Test Track/Factory, Bugs Life, Honey I Shrunk the Audience, and the list goes on. Ever since Michael Eisner left, the ground breaking attractions have fallen off of the Disney plan. Bob Iger brought the Magic Band to the land of the mouse, but that is about it. We need a management change…someone from outside of Disney to breath some new thinking to the mouse. The insiders, Iger, Chapek, Amora just do not have it. Too bad, Disney is just getting too expensive to justify multiple visits. Guests who used to visit every year, or every other year are not looking outside of Disney for their family vacation needs.
Disney is catering to the minority woke community and it’s finally starting to show. This is in addition to raising prices to astronomical hieights and creating a ticket and reservation system that takes all the fun out of Disney.
The crowds are the same and the profits are skyrocketing, with all the price gouging they are doing. So it’s curious that the stocks are down. Could it be that, the stories of them selling isn’t sitting well with the stock market?