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Barchart
Barchart
Mohit Oberoi

As Bob Iger Aims to Restore the 'Magic,' Can Disney Stock Recover in 2024?

With a YTD gain of just over 6%, Walt Disney Company (DIS) stock is underperforming the S&P 500 Index ($SPX) by a fairly wide margin. The entertainment giant’s underperformance has been a long-term phenomenon, and it has lost 18% over the last five years.

Stretching back even further, Disney shares are up 31% over the last 10 years - which is only about one-fifth of the returns delivered by the SPDR S&P 500 ETF (SPY) over the same period. That’s not the kind of performance that investors would generally associate with a company like Disney, which is among the most iconic global brands and is the proverbial “cradle to grave” business – offering something to every age group.

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