Disney Stock Closes at Lowest Point in Nearly Nine Years
The Walt Disney Company experienced a 3.91% drop in shares, closing at $82.47 per share, the lowest since 2014, due to a challenging environment and investor predictions of further decline.
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Disney's stock performance has been disappointing, with investors unsure how to value the company's diversified asset base, leading to a depressed valuation; however, high-conviction investors may find current levels attractive for adding exposure.
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Disney stock is falling, on track for its lowest close since 2014, while Boeing is also dragging down the Dow.
The shares of Walt Disney continue to decline due to recent controversies and a decline in subscribers, but analysts still believe the stock price can recover with a target price of $110.71.
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