Tragic Kingdom: Disney Shares Close Under $100 for First Time in More than Two Years

10 Jun 2022

Shares of the Walt Disney Co. continued their free fall this week, dropping 9 percent to close Friday at $99.40 — the first time the stock has closed below $100 in more than two years.

Disney shares took a significant beating this week following a major shake-up in the company’s executive suites. On Thursday, CEO Bob Chapek unexpectedly fired his presumed successor, Peter Rice, a move that has stunned the entertainment industry and left Disney employees in a state of shock.

For the year, Disney shares are down a whopping 37 percent, making it the worst performer on the Dow Jones Industrial Average during the past 12 months.

The last time Disney stock closed below $100 was in April 2020.

https://www.breitbart.com/entertainment/2022/06/10/tragic-kingdom-disney-shares-close-under-100-for-first-time-in-more-than-two-years/