Why Disney Stock Was Slumping Today

Shares of Walt Disney (NYSE: DIS) were heading lower today after the company filed a form with the SEC last night warning investors its performance over the near-to-medium term will be impacted by actions taken in response to the coronavirus outbreak, and that the outbreak could lead to consumer behavior changes that would further disrupt its business. The company is also selling debt to shore up its liquidity in the near term.

As a result of that news, the stock was down 6.6% as of 1:41 p.m. EDT Friday.

Image source: Disney.

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Source Fool.com