Why Disney Stock Fell Again Today

After a three-day really, shares of Disney (NYSE: DIS) were heading lower today as the entertainment giant fell alongside the broader market and as investors reacted to news of another debt offering. Disney shares were trading down 6.6% as of 2:52 p.m. EDT.

Stocks were heading lower generally today as fears about the coronavirus continued to swirl through the market. Last night, the U.S. passed Italy as the country with the most cases in the world. With Disney's theme parks and much of its operations shut down because of the pandemic, any news that the spread could be worse than expected is going to negatively affect the stock.

Image source: Walt Disney.

Source Fool.com