Is Now the Time to Finally Buy Disney Stock at $100?

Disney  (DIS) – Get Walt Disney Company Report is under pressure on Thursday, down slightly on the day, but earlier in the session was changing hands just below $100 and down 5.5% at the session low.

The move comes after the company reported disappointing quarterly results after the close on Wednesday.

It’s been a tough earnings season given that we’re in a tough, bear-market environment for many stocks — Disney included.

Shares are down 50% from the all-time high and investors don’t seem to be in a rush to scoop up the stock. The headline numbers of the recent quarter aren’t helping matters, as Disney missed on earnings and revenue expectations.

Source link

Leave a Reply