Why Is Disney Stock Trading Lower in 2021?
When you think about 2021 success stories, one of them would seem to be Walt Disney (NYSE: DIS). It's the studio behind this year's two highest-grossing films at the domestic box office. Disneyland in California reopened in the spring, and the company resumed its cruise ship sailings over the summer.
Revenue soared a better-than-expected 45% in its latest quarter, its headiest year-over-year surge in ages, although admittedly the performance follows depressed results a year earlier. Disney is back in business, but the same can't be said about its stock chart. After climbing 26% last year -- when it wasn't exactly running on all cylinders -- the stock finds itself trading 4% lower in 2021 through Monday's close. It doesn't seem fair, so let's break down why Wall Street isn't exactly doing the Mickey Mouse March these days.
Image source: Disney.
Source Fool.com
