The Worst Mistake Disney Investors Can Make Right Now
As we close out 2021, investors who came into the year with high hopes for entertainment king Disney (NYSE: DIS) have had them dashed. Disney stock is down 12% in 2021 at the same time that the S&P 500 is up 28%. That's a lot of confidence in the overall market, which contrasts sharply against Disney's gloomy year. But the dawn of a new year means the possibility for change, and Disney's prospects look brighter than ever. It can be challenging to see your investments plummet, but the worst thing Disney shareholders can do right now is sell at a loss. Hold on tight, and this time next year, things might look very different.
Disney's been having trouble since the pandemic started, but interestingly enough, its stock soared 24% in 2020, when things really were bad. Things started to turn around toward the end of the year as restrictions loosened and parks began to reopen, and Disney+ was a huge success that year.
Image source: Disney.
Source Fool.com
