Disney Stock Dropped Going Into Weekend; More Than Box Office at Stake
Disney shares dropped over the holiday-shortened week, trailing gains in the broader market. Investors shrugged off the company’s earnings win earlier this month, focusing instead on new pressure from regulators, streaming updates, and questions around demand at its parks. The stock dropped 1.83% to $101.83 by Friday’s close, and volume hit 13.3 million shares. U.S. cash equities were not trading Saturday. The NYSE holds regular sessions Monday through Friday, 9:30 a.m. to 4 p.m. Eastern, and was closed Monday, May 25, for Memorial Day.