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A fall below $83.83 would mark Disney’s lowest closing price since 2014.
Drew Angerer/Getty Images
Walt Disney
stock on Monday closed at its lowest level yet in 2023, nearing a 52-week low as the entertainment company’s recent slide continued.
Walt Disney stock (ticker: DIS) ended Monday 3.5% lower to $85.56, while the
S&P 500
index was ended with a 0.4% gain. Disney was the second-worst performer in the
Dow Jones Industrial Average
,
which was up 0.2%. Only
Verizon Communications
stock (VZ), down 7.5%, had fallen more.
Disney stock is up just 1.7% from a 52-week closing low of $84.17 set on Dec. 28. If Disney stock ends below $83.83, it would mark the lowest close since 2014.
Shares have struggled in recent months as investors worried about the volatile media landscape, the Hollywood writers and actors strikes, and the near-term growth prospects of Disney’s theme-park business.
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