Walt Disney Co (NYSE: DIS) was falling slightly lower on Tuesday, in tandem with the general market, which saw the S&P 500 ticking over 1% lower amid the continued fallout from last week’s Federal Reserve meeting, which sparked an uptick in concern over the economy.
The amusement park and streaming giant is down 32% since opening the trading day on Feb. 9, in the wake of ongoing legal battles initiated by Florida Gov. Ron DeSantis. The stock has been trading in a fairly consistent and steep downtrend since May 10, shortly after a death cross appeared on Disney’s chart.
