Disney Company Stock Tanks Amid Christmas Season

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Mickey Mouse character meet and greet at Fantasyland in Disneyland Paris

Credit: Disney

Disney is struggling on Wall Street.

Bob Iger
Credit: Drew Angerer/Getty Images

Related: Disney Not Allowing Any More Reservations Until 2023

The last time we covered The Walt Disney Company’s stock price, it was sitting around $87. This price is just dollars away from the 5-year low of $85.98, which occurred in March 2020 during the start of the COVID-19 pandemic.

As of December 27, it’s not doing much better.

Disney 100
Credit: The Walt Disney Company

Related: Disney Guest Has Incredibly-Rare Experience, Pulls Sword From Stone at Magic Kingdom

The Walt Disney Company’s current stock price is floating around $88 per share, less than a dollar more than when we previously covered.

Back when the stock price dropped earlier this year, many attributed the price to the onslaught of criticism The Walt Disney Company faced for its decision regarding Florida’s Parental Rights Bill. For many fans and outsiders, it was easy to put the blame on Bob Chapek, the former CEO of The Walt Disney Company. Now with Bob Iger back in the saddle, things are a little more complicated.

Of course, the biggest story to come from Disney this year was the surprising news that Bob Chapek was out and Former CEO Bob Iger would be replacing the controversial CEO. This news shocked not only the Disney community but the world, with the drama surrounding the decision still being stirred each week as more information comes out.

walt disney company headquarters sign
Credit: Disney

Related: Celebrity Permanently Honored at Disney After Making Controversial Joke

As we near the end of 2022, we can’t help but wonder what 2023 will hold for The Walt Disney Company. Many exciting things are coming to the Parks division, both at Walt Disney World and Disneyland.

Many are hoping Bob Iger will be able to steer Disney in a better direction, though considering Iger’s tenure will only last until 2024, the larger responsibility will most likely fall on whoever succeeds Iger as CEO.

What are your thoughts about Disney’s performance this year?

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