Disney's $887 Million Red Flag
In March 2021, Walt Disney (NYSE: DIS) stock reached an all-time high as investors cheered the prospects of Disney+, the reopening of its parks, and expectations for the return of blockbuster hits. Since then, Disney+ has continued to grow faster than Disney could have ever hoped for. Its parks are booming. And it has a highly anticipated slate of feature films that could get Disney's movie business fully back on track in 2022.
Yet despite all of this good news, Disney's stock price is down 45% from its all-time high. For investors new to the stock market, it can seem bizarre that a company in better shape now than it was a year ago is worth so much less. But the stock market is unpredictable in the short term. And the sentiment toward streaming stocks has shifted dramatically in the last few months.
Image source: Getty Images.
Source Fool.com
