Scott
Lv 7
Scott asked in Business & FinanceInvesting · 2 months ago

Disney question?

after the $5 billion dollar loss in in the stock market, roughly how long before  the stock bottoms out?

2 Answers

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  • Anonymous
    2 months ago
    Favorite Answer

    Correction: Disney made over $11.8 billion in revenue between April and June 2020, which is $8 billion less than the $20.25 billion Disney made in the same time last year.

    And it appears the August 4 earnings call hasn't affected their stock price that much. It is still at $117.29, which is better then the $85.98 price in March when Disney closed the parks.

    If anything, Disney is doing better than the 70s (after Walt Disney's death) and the early 2000s (which led to CEO Michael Eisner being ousted).

  • kswck2
    Lv 7
    2 months ago

    Disney is constantly expanding and making money. It is not going anywhere for a Long time. Walt would be proud of his company now. 

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