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Walt Disney Company (DIS) investors are bound to be disappointed in 2023, as the stock is underperforming the S&P 500 Index ($SPX) by double digits on the year. While long-term shareholders should theoretically be forgiving of short-term underperformance, Disney’s lackluster price action has been almost chronic over the last decade, and earlier this year the stock fell to its lowest level since 2014.
Even as the Dow Jones Industrial Average ($DOWI) – of which Disney is a constituent – has risen to record highs, Disney shares have lost more than 10% of their value over the last five years.
