Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Aditya Raghunath

Down 32%, Can Walt Disney Stock Bounce Back?

Shares of Walt Disney (DIS) are struggling mightily in 2023, despite CEO Bob Iger returning to the helm late last year to help the company navigate a volatile economy. The planned turnaround has so far been frustratingly slow for investors, as DIS is down 32% from its early 2023 highs, and is now 7.7% lower on a YTD basis - significantly underperforming the broader S&P 500 Index ($SPX), which is still up 8.2% on the year.

Longer-term, the stock is down 60% from its 2021 all-time highs, valuing the company at $147.46 billion by market cap. The drawdown in Disney stock has left the shares trading close to nine-year lows. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.