Why Disney Stock Dropped 15% in February
Walt Disney (NYSE: DIS) stock fell 14.9% in February, according to data from S&P Global Market Intelligence. For context, the S&P 500 index dropped 8.2% last month. The market sell-off was due to concerns that COVID-19, the coronavirus disease that has infected more than 90,000 people, could significantly hurt the global economy.
Shares of the entertainment titan, one of most popular consumer discretionary companies, have returned -17.1% in 2020 through March 2, versus the broader market's -4% return.
Image source: Walt Disney.
Source Fool.com
