HomeLatest NewsDisney Shares Close Under $100 For First Time In More Than Two...

Disney Shares Close Under $100 For First Time In More Than Two Years

Published on

The Walt Disney Co. shares continued to fall this week. They closed Friday at $99.40, a 9 percent drop — the first time that the stock has fallen below $100 in over two years.

After a major shakeup of the company’s executive offices, Disney shares suffered a serious beating this week. The surprise firing of Peter Rice by CEO Bob Chapek on Thursday stunned the entertainment industry, and shocked Disney employees.

Disney shares have fallen 37 percent for the year. This makes it the worst performer in the Dow Jones Industrial Average’s past twelve months.

In April 2020, Disney stock closed below $100 for the last time.

The Florida Governor’s war against Disney continues to haunt Disney. Ron DeSantis (R), is upset about the state’s Parental Rights in Education Law, which prohibits teaching sexuality or gender ideology to children in kindergarten through the third grade.

Bob Chapek, CEO of Disney, agreed to radical LGBTQ activism and embraced a select group of woke employees. He stated that Disney would continue to fight to repeal the Florida law.

Florida took Walt Disney World in Orlando’s self-governing privileges away, potentially exposing it to new taxes and regulations.

Latest articles

Speaker Johnson Urges Senate Leader Schumer to Act: Calls for Impeachment of Alejandro Mayorkas

The House of Representatives passed an impeachment motion against Homeland Security Secretary Alejandro Mayorkas...

Former Senator and Democratic VP Nominee Joe Lieberman Dies at 82

According to multiple sources, Joe Lieberman has died. He was a long-time Connecticut senator...

Rockford, Illinois Stabbing Leaves Four Dead, Five Injured

The authorities have reported that five people were injured and four killed in Rockford,...

Four-Star General Suspended, Faces IG Probe for Command Board Tampering

Christine Wormuth, Secretary of the Army, has suspended the four-star General who commands the...

More like this

Speaker Johnson Urges Senate Leader Schumer to Act: Calls for Impeachment of Alejandro Mayorkas

The House of Representatives passed an impeachment motion against Homeland Security Secretary Alejandro Mayorkas...

Former Senator and Democratic VP Nominee Joe Lieberman Dies at 82

According to multiple sources, Joe Lieberman has died. He was a long-time Connecticut senator...

Rockford, Illinois Stabbing Leaves Four Dead, Five Injured

The authorities have reported that five people were injured and four killed in Rockford,...